Do’s & Dont’s for TDS Returns
Given below are some do’s and don’t for filing of TDS returns: Do’s Ensure that TDS return is filed with same TAN against which TDS payment has been made. Ensure… Read more »
Tag: PAN
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 »
Amendment of Rules regarding quoting of PAN for specified transactions
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 31st December, 2015 Subject: Amendment of Rules regarding quoting of PAN… Read more »
Guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS return: Incorrect reporting of 197 Certificates: Please refer to the following guidelines for correct reporting of 197 Certificates:… Read more »
Payment of taxes -Do’s & Dont’s
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS… Read more »
Government to notify mandatory quoting of PAN for cash transactions over Rs 2 lakh
You will have to flash your permanent account number (PAN) for any transaction of over Rs 2 lakh regardless of mode of payment. The government has issued a press release… Read more »