"Chartered Accountant in Practice from 1991. Past Chairman of Tiruchirappalli Branch of ICAI. Also Holding a degree in Law. Speaker at various forums including all the Branches of ICAI in Tamilnadu. Past nominated menber of the IT Committee of the ICAI New Delhi."
The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpayers may face difficulties correcting payments because the minor head correction process is not automated.
The transition to the new MCA portal disrupted statutory filings due to login, DSC, and payment failures. The key takeaway is that technical shortcomings, not taxpayer delay, caused widespread non-compliance risks.
Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India’s tax ecosystem and small businesses.
Explore the implications of Byju’s unpaid TDS, Section 205, and the impact on employees and ITR filings. Understand legal precedents and practical solutions.
