Things to note to avoid notice from Department
With the Income Tax Department becoming net savvy and going online, it has become very easy for them to identify discrepancies in your papers and to keep a close eye… Read more »
Tag: TDS
Deposit TDS by 7th August, 2015 for tax deducted during July 2015
The due date for payment of TDS deducted during July 2015 is 7th August, 2015 Please Note: For delayed payments, interest @ 1.5 for each month or part thereof will… Read more »
Reasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous statement In a correction statement,… Read more »
Tax implications of fixed deposits
If you are in the higher tax bracket, that is 20% or 30%, make sure that you pay the additional interest before filing your tax returns. The biggest disadvantage of… Read more »
For Government deductors, Last date of TDS return filing for Q1, FY: 2015-16 is 31st July, 2015
Last date of TDS return filing for Quarter 1 of FY: 2015-16 is 31st July, 2015 for Government deductors.
Important information for downloading of TDS Certificates
Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961: Downloading of TDS Certificates from TRACES made mandatory: … Read more »