Belated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed the amount of tax deductible… Read more »
Tag: TDS certificate
Income Tax Refund without matching of TDS
CBDT has issued an important instruction to all officers regarding refund of TDS without matching of tds amount with form 26AS. As per new instructions when an assessee approaches the… Read more »
TDSMAN has now integrated with TRACES
Use TDSMAN software to use the following features of the TRACES website from the software itself: Downloading Consolidated Statement files for making corrections. Downloading of TDS Certificate (Form 16A). Downloading… Read more »
Credit for TDS allowed if Income shown in certificate is offered for tax despite certificate is not in Assessee name
Assessee is entitled to the credit of the TDS mentioned in the TDS certificates issued by the contractor, whether the said certificate is issued in the name of the Joint… Read more »
Addition not justified merely on the basis of discrepancy in TDS certificate
The tribunal took the view that the addition made was only on the basis of the discrepancy in the TDS Certificate and not on the basis of any finding that… Read more »
No addition for difference in income as per profit and loss account & TDS certificate
Admittedly, as per TDS certificate issued by Mysore Breweries Limited, the total reimbursement made to the assessee as per their newly arrangement was Rs. 3,35,85,000/-. However, in the books of… Read more »