Tips to avoid defaults in TDS Statements
One can avoid defaults in the TDS returns, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct Reporting with regard to… Read more »
Tag: TDS Statements
Issuance of online certificate u/s 195(2) and 195(3) -reg
TDS Instruction No . 51 Directorate o f Income Tax (System) ARA Center, Ground Floor, E -2, Jhandewalan Extension New Delhi-110055 F.No.SW/TDS/02/02/2013/DIT(S)-II … Read more »
Defaults in Quarterly TDS Statements exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16
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 »
FAQ on Online Correction
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 »
Basic principles of TDS Compliance
The following 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 »
Guidelines to avoid common mistakes while submitting TDS Statements
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 »