One time relief for Government deductors for late fees
The due date to file TDS/TCS statement for government deductors has been extended by the CBDT for the following financial years: (i) FY 2012-13 – 2nd to 4th Quarter… Read more »
Tag: TDS
TDSMAN in 2 editions now
TDSMAN software is now available in 2 different editions: 1. Standard Edition 2. Professional Edition To compare the two editions, click here
CPC automates default identification process in respect of TDS statements
The Centralized Processing Cell (TDS) automated the Default identification process in respect of TDS statements submitted. CPC (TDS) has highlighted the need for correct and complete reporting of data in the… Read more »
Penalty for non furnishing of PAN in TDS statement
In case, the PAN Numbers are not furnished by the deductees, the respondent-assessee cannot be penalised under Section 272B. Section 139A also imposes the obligation on the deductees to furnish… Read more »
Applicability of TDS on service provided by non-residents
Fees for services rendered by non-resident is deemed to accrue or arise in India, whether or not non-resident has place of business in India if he has rendered services in… Read more »
Quote correct BIN while filing TDS/TCS statement
It is mandatory for Government deductors, who are reporting TDS without payment through bank challans, to quote correct Book Identification Number (BIN), while filing TDS/TCS statement. In case correct BIN… Read more »