Tag: TDS statement

Submit tax saving proofs to your employer to prevent excess TDS

With your company’s accounts department knocking on your door to submit income-tax saving proofs, it’s time for you to gather all the relevant papers in one place. Since April 2016,… Read more »

Important TDSMAN Update

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TIN NSDL has now introduced CAPTCHA code (as a mandatory value) which is required to be entered for downloading CSI file from TIN website. This CSI file is used for… Read more »

Various types of defaults that may get generated on 26QB processing

Following are the types of Defaults that may get generated on 26QB processing:- 1.Short Deduction: Short deduction is computed when the rate at which TDS Deducted’ is less than 1%…. Read more »

File your TDS Returns (Q2) by 31st October, 2016

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LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2016-17 IS 31st OCTOBER, 2016 With the introduction of Section 234E, there is now a provision of stringent penalties for… Read more »

Late Filing of TDS Returns -Fees and Penalty

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Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If… Read more »

Avail the Benefit of CPC(TDS) Analytics for Correction of PANs in your TDS Statements

Date of Communication: 23/09/2016 Dear Deductor, TAN (XXXXXXXXXX) Centralized Processing Cell (TDS) has observed from its records that you have reported “Structurally Correct, however Invalid PANs” in your TDS Statement… Read more »