Changes in Tax Collection at Source (TCS) in Budget 2012
Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain goods like alcoholic liquor, tendu… Read more »
Tag: TCS
26AS Statement : How to Get Tax Credit for Non Reflected Amounts
Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is very simple the bank is… Read more »
Late Filing of TDS Statement Made Very Costly !
No filing or late filing of TDS return or TDS statement shall invite two penal consequence as the Finance Bill 2012-13 has inserted two new provisions fee for late filing… Read more »
How to know Status of eTDS/eTCS Return – Uploaded or Not
A Deductor can confirm the status of uploaded eTDS / eTCS return from the below link. There is no need of any Certificate Number or Registration or Sign Up etc…. Read more »
Correction in OLTAS challan
NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN. The… Read more »
Inconsistencies in the TDS / TCS statements
When you file your TDS / TCS return, first the details regarding deposit of TDS/TCS made by you is compared with the data given by banks. The data is uploaded… Read more »