Tag: TDS compliance

CPC (TDS) follow up communication regarding the use of Online Correction facility

CPC (TDS) has released a follow up communication regarding Online Correction facility not availed after sending “Intermediate Communication for Short Payments” in course of processing of Original Quarterly TDS Statements…. Read more »

CPC (TDS) follow-up for payment of outstanding Late Filing Fee u/s 234E

CPC (TDS) has issued a follow up communication for the payment of outstanding late etds filling fees u/s 234E. In the communiation, CPC (TDS) has also mentioned about the action… Read more »

Basic principles of TDS Compliance

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Given below are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to tax… Read more »

Amendments in Budget 2014 relating to TDS compliance u/s 40(a(ia)

The disallowance under section 40(a)(ia) of the Act shall be restricted to 30% of the amount of expenditure claimed. Existing provisions: The existing provisions of section 40(a)(i) of the Act… Read more »