As you may be aware, the due date (May 15, 2015) for filing of TDS statements for Q4, Financial Year 2014-15 is approaching fast and therefore, CPC (TDS) is reaching out to you to ensure that best practices are followed in exercise of the above activity. Key information to note: CPC …
Read More »8 things to know about TDS provisions
Indian Income Tax Act has prescribed many tedious procedures for tax compliance. Deduction and payment of Tax (TDS) is one among them. This article lists out some of the vital points of TDS matters. What is TDS? Tax deduction at source means the tax required to be …
Read More »Bad News: Late filing Fee under Section 234E of Income Tax Act 1961
Consequences on Delay in Filing of Quarterly eTDS Return The following is the mail sent out by Central Processing Centre (CPC), Income Tax department about fee charged under Section 234E of the Income Tax Act. The validity of the fee charged under this section was challenged in various courts by …
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