Failure to pay TDS collected can attract 7 year jail term: CBDT
Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said. Failure… Read more »
Tag: TDS
Deposit TDS by 7th December for tax deducted during November’15
Due Date for payment of TDS is 7th December, 2015 for tax deducted during November 2015 Please Note: For delayed payments, interest @ 1.5% for each month or part thereof… Read more »
Guidelines for an employer to deduct TDS and issue Form16
Following are the guidelines for an employer to deduct TDS and issue Form 16: Make mandatory for all the employees to declare previous salary, investment proofs and TDS details, if… Read more »
Due Dates for December 2015
7 December 2015 – Due date for deposit of Tax deducted/collected for the month of November, 2015. However, all sum deducted/collected by an office of the government shall be paid… Read more »
Frequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of IT Act. Form 16 is issued… Read more »
Salaries of nuns and priests working as teachers are not exempted from TDS
The Madras High Court today ordered status quo on an Income Tax circular stating that salaries of nuns and priests working as teachers are not exempted from Tax Deduction at… Read more »