Tag: Section 271H

TDS / TCS – Changes w.e.f. 1st April 2025

      2 Comments on TDS / TCS – Changes w.e.f. 1st April 2025

1. Section 194D – Payment related to Insurance Commission The TDS @2% would apply on Section 194D – Payment related to Insurance Commission, till 31st March this was 5%. The… Read more »

TDS / TCS Compliance Simplified: Common Pitfalls and How to Avoid Them

Tax Deducted at Source (TDS) & Tax Collected at Source (TCS) compliance is a crucial responsibility for all deductors and collectors. While the process is straightforward, common mistakes can lead… Read more »

Last date for filing of TDS returns for Q4 of FY: 2016-17 – 31st May, 2017

The last date of filing TDS returns for the fourth quarter of FY 2016-17 falls due on 31st May, 2017. It is very important to file returns on time because… Read more »

Fees and Penalty for Late Filing of TDS Returns

      1 Comment on Fees and Penalty for Late Filing of TDS Returns

Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If… Read more »

Late Filing of TDS Returns -Fees and Penalty

      2 Comments on Late Filing of TDS Returns -Fees and Penalty

Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If… Read more »