Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting of data related to tax… Read more »
Tag: CPC-TDS
TDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissions
CPC (TDS) has issued an advisory communication to all deductors stating that they should not wait for the last moment to submit their TDS statements for 4th quarter of Financial… Read more »
CPC (TDS) follow-up for closure of Short Payment Defaults in excess of Rupees 1 Crore in TDS Statements filed since FY 2007-08 onwards
CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults exceeding Rs. 1 Crore, with respect to TDS Statements filed by the deductors since Financial Year… Read more »
Inappropriate usage of Digital Signature Certificates (DSC) for availing services of TRACES
CPC (TDS) has observed from its records that Online Corrections have been submitted by deductors on TRACES by using Digital Signature Certificate but there are no Registered Digital Signature Certificates… Read more »
Healthy Practices for Error-Free TDS Returns
Healthy practices for error – free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data… Read more »
CPC (TDS) drive for closure of Short Payment Defaults to facilitate downloading of Conso Files/ TDS Certificates
CPC (TDS) has observed from its records that there are Short Payment Defaults in Quarterly TDS Statements submitted by the deductors due to which downloading of Consolidated Files and TDS Certificates are… Read more »