3 Simple Steps for Tax Deductors to follow
Below are the three simple steps for Tax Deductors to follow in case of TDS and TCS: 1. Deduct Correct TDS while making payment as required by law Deduct tax… Read more »
Tag: tax deducted at source
Quick steps to generate TDS Certificate using TDSMAN
Below are the quick steps to generate TDS Certificate using TDSMAN Software: In TRACES Information menu 1. Request for Form 16A / Form 16 (Part A). 2. After 2 hours,… Read more »
Reasons to reject the correction in salary detail records by TDSCPC
Rejection reasons pertaining to salary details are as follows: In case of salary detail PAN update or delete of salary detail record, last total gross income should match with corresponding… Read more »
Reasons to reject the correction in deductee records by TDSCPC
Rejection reasons pertaining to deductee details are as follows: In a correction statement that updates / deletes deductee rows, verification keys from deductee data that should match with corresponding fields… Read more »
Requirement for obtaining evidence/ particulars by employer for TDS -Section 192
Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed. There is… Read more »
Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »