Consequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to… Read more »
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TDSMAN updated with FVU ver. 6.6 & FVU ver. 2.162
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.6 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.162 – For statement up to FY… Read more »
Consequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to… 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 »
Closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards
CPC(TDS) reminder communication to banks regarding closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards. The issued communication has been given below: The Principal Officer Name: XXXXXXX… Read more »
CPC (TDS) thanks deductors for availing Online Correction facility at TRACES
CPC (TDS) has issued a communication in which it has thanked deductors for promptly availing the Online Correction facility at TRACES on receipt of Intermediate Defaults Communication. The issued communication has been… Read more »