TDS Filing Online: Late filing of TDS return attracts a fine of Rs 200 per day till the TDS return is filed. TDS Online Return Filing: Tax deducted at source (TDS) as the name suggests is the amount ...
Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates. Whether your employer pays you salary, or ...
Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...
In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.
ITR 2021-22 | New Delhi: In today’s day and age, there are various sources of income for people. It is especially true in the case of freelancers. The number of entries on the debit side of the ...
The income tax department will deny TDS credit and flag your ITR if it detects discrepancies between the TDS information reported in your return and that provided by the deductor. Ensuring accurate ...
TDS will not be deducted: If you do not have TAN, the bank will not accept your TDS challan. Heavy penalty: Under Section 272BB (1) of the Income Tax Act, not applying for TAN or giving wrong TAN can ...
Central Board of Direct Taxes Extends Deadline Till THIS Date New Delhi: The Central Board of Direct Taxes has extended the deadline for filing quarterly TDS statement in Form 26Q for the June quarter ...
Tax Deducted at Source (TDS) is a crucial taxation mechanism that ensures that taxes are collected from the source of income. It acts as an advance tax that is deducted by the payer while making ...