CPC (TDS) has released a follow up communication to all deductors regarding Defaults in Quarterly TDS return exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16. The released communication… Read more »
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the various facilities available through online… Read more »
Following are some useful guidelines to avoid common mistakes, while submitting TDS return: Incorrect reporting of 197 Certificates: Please refer to the following guidelines for correct reporting of 197 Certificates:… Read more »
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS… Read more »
Following are the basic duties of the person who is liable to deduct tax at source: One shall obtain Tax Deduction Account Number and quote the same in all the… Read more »
The Direct Taxes Directorate of Income-tax (Systems), CBDT vide Notification No. 3 /2015 dt. 1st of December 2015 has notified Stringent Authentication Mechanism through Corporate Head Quarter Server for filing… Read more »