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 »
Tag: TDS defaults
Sections under which interest for various defaults need to be paid
The sections under which interest for various defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for default in… Read more »
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
Due date for filing of TDS returns for Q3 of FY: 2019-20 – 31st January
31st January – due date of filing TDS Returns for FY: 2019-20, Quarter 3 (Oct – Dec) Filing of TDS Returns for the quarter ended December 2019 (FY:2019-20 Quarter 3) is… Read more »