Tag: TDS Statements

Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)

CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been given below: Dear Deductor (TAN-… Read more »

Seek easy exemption from TDS on interest: File Form 15G/H electronically

The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Seek easy exemption from TDS on interest:… Read more »

Defaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1

CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16, Quarter 1.     The issued communication… Read more »

Guidelines to avoid different types of TDS defaults

Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default:   Late Payment Defaults: The taxes deducted must be deposited within the… Read more »

CBDT simplifies procedure for filling 15G, 15H forms

The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms 15G and 15H are filed… Read more »

Implications of Non/Late filing of TDS Statements

      1 Comment on Implications of Non/Late filing of TDS Statements

Implications of Non/Late filing of TDS Statements has been given below: For Tax payers: Non/ Late etds filing results into the TDS Credit not being available to the deductees (employees… Read more »