FAQ on Late TDS payment
What is the Late payment interest? When deductor deposits the TDS after due date of deposit, it is a case of late payment and interest will be charged accordingly. What… Read more »
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FAQ on Late TDS/TCS Filing
What is the Late Filing Fee u/s 234(E) of the Income Tax Act, 1961? As per section 234E, where a person fails to file the TDS/TCS statement on or before… Read more »
Do’s & Dont’s for TDS Returns
Given below are some dos and dont for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS payment has been made. Ensure… Read more »
Points to be remembered by the purchaser/buyer of the property
Following are the points to be remembered by the buyer of the property: Deduct TDS @ 1% on the total sale consideration. Collect the Permanent Account Number (PAN) of the… Read more »
Steps to follow in case of Late Payment Intimation Received
Follow the steps mentioned below in case of Late Payment Intimation Received: The default amount will have to be deposited through challan number ITNS – 281 by ticking minor head… Read more »
Points to be remembered by the Seller of the property
Following are the points to be remembered by the seller of the property: Provide a copy of PAN Card to the Purchaser of the property for furnishing information regarding TDS… Read more »