TDS Return

TDS Return Filing Through NSDL RPU

Income Tax - There are many paid software’s are available for TDS Return preparing. However NDSL has provided their own Software which is very simple & easy to use. We can use the same for TDS Return Filing. If Assessee has done online registration on Income tax site then entire process become online. Advantage is that we can […]...

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TDS Returns & Compliance – Use a Reliable Software

Income Tax - Needless to say, in the regime of stringent statutory provisions, it is important to have a reliable software that not only helps in preparing TDS Returns but also takes care of the associated compliances....

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Error-Free TDS Returns – Healthy Practices

Income Tax - Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is prudent to follow practices that ensure that the filed TDS Returns are error-free. This means that correct credit will be received by the employees and vendors. Moreover, it will help avoid receiving unwanted Default Notices from...

Read More

New e-TDS/TCS FUV & RPU from 02.04.2021

Income Tax - 1. File Validation Utility (FVU) version 7.1 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards Key Features 1) Addition of new field under Annexure II of Form 24Q-Q4:- New field “Whether opting for taxation u/s 115BAC [Yes/No]” is added under Annexure II (Salary details) for Form 24Q-Q4. If value present under this fi...

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CBDT Extends Time Limits for Various Direct Tax Compliances – AY 2021-22

Income Tax - The Central Board of Direct Taxes after considering the severe continuing COVID-19 pandemic situation in the country, vide Circular No. 9 of 2021, dated 20 May 2021, has extended the deadlines of certain compliances for the Assessment Year 2021-22...

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Reconciliation of each payment made by deductor to avoid duplication of work of TDS return

Income Tax - In order to make the process of claim of TDS error free, a system was devised some years ago in 2009 and published vide circular no 2/2009, dated 21.05.2009. The relevant excerpt from the said circular is as follows:...

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Make provisions for comprehensive audit of all filed TDS returns: ICAI

Income Tax - A major portion of the revenue by way of income-tax is recovered through deduction of tax at source. Thus, in-depth verification of all the TDS returns is necessary....

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AO should accept rectification application related to difference in Form No. 26AS and Amount claimed in ITR

Income Tax - Even after due efforts taken by the Government to ensure compliance relating to filing of TDS returns by the deductors, the defaults on behalf of deductors continue for one or the other reason...

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Online upload of of TDS/TCS/AIR Return at NSDL-TIN website to discontinue from 01.05.2016

Income Tax - Online Upload of e-TDS/TCS statement(s) and AIR functionality will be discontinued from May 1, 2016 at NSDL e-Gov end. The users who are desirous to file e-TDS/TCS statements/AIR are hereby requested to visit our TIN-FC agents. To know the nearest TIN-FC, please visit at the TIN website at https://www.tin-nsdl.com/tin-facilities.php For o...

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TDS / TCS Return due date extended in 4 States to 31.10.2014

Income Tax - Last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended....

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Non-Availability of PAN of Deductee is not valid excuse for not filing TDS Return

Mahanadi Coal Fields Ltd. Vs JCIT (TDS) (ITAT Cuttack) - The assessee cannot escape himself for non-filing quarterly TDS merely stating that the PAN of the employees are not available. The penalty is provided in the Income Tax provisions u/s.272A(2)(k) of the Act is mandatory in nature except in case of reasonable cause proved by the assessee, which is la...

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TDS return filing delay due to sudden resignation of Accountant constitute Sufficient Cause

Sudip Roy Choudhury Vs JCIT(TDS) (ITAT Kolkata) - Sudip Roy Choudhury Vs JCIT (TDS) (ITAT Kolkata) in the present case, the assessee deducted the TDS and deposited the same. Even there was no failure to submit return in Form 26Q. There was only failure for its timely submission – which by all counts is a technical breach. Further the delay ha...

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CIT(A) cannot declare TDS return filed by assessee as invalid

Manoj Kumar Jaiswal Vs ACIT, CPC-TDS (ITAT Bangalore) - CIT(Appeals) had no power in the appeal in the present case to declare the return of TDS filed by the assessee as non est in law. In that view of the matter, we are of the view that the conclusion of the CIT(Appeals) holding that return of TDS filed by the assessee is non est in law is not valid in ...

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Fees U/s. 234E leviable on all TDS return filed late after 01.06.2015

Shri Uttam Chand Gangwal Vs ACIT (ITAT Jaipur) - Irrespective of the period to which the quarterly return pertains, where the return is filed after 1.6.2015, the AO can levy fee under section 234E of the Act....

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S. 234E: Recovery of fee is subject to outcome of Petition; Govt to reply on S. 234E notices – Rajasthan HC

Om Prakash Dhoot Vs UOI (Rajashthan High Court) - Under Section 234E wef 1st of July 2012 deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues, However, the total fee cannot exceed the amount of TDS deductible for which statement was required to be filed. ...

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Income Tax Return, Tax Audit due date & Other dates extended

Circular No. 9 of 2021 - Income Tax - (20/05/2021) - The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st July 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September 2021; 10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-...

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CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q

Notification No. 15/2021-Income Tax [G .S. R. 170(E)] - (11/03/2021) - CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Paid and any other income and tax deducted) and Annexure II to Form No. 24Q vide Notification No. 15/20...

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Extension of Quarterly TDS/TCS statement filing dates

Circular No. NSDL/TIN/2020/006 - (20/04/2020) - All the due dates, prescibed or notified under the Income Tax Act which fall during the period from March 20, 2020 to June 29, 2020 have been extended to June 30, 2020....

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Procedure to file e-TDS/TCS statement online through e-filing portal

Notification No. 10/2019-Income Tax - (04/06/2019) - Procedure for Online Filing of TDS/ TCS Returns at E Filing Portal: CBDT (DIT Systems) Notification No. 10/2019 Income Tax dated 4th June 2019 CBDT has notified the procedure for online filing of TDS/ TCS Returns at e filing portal, including guidelines on registration, manner of the preparation/ s...

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TDS statement Form 24Q due date extended to 30th June 2019

F.No.275/38/2017-IT(B) - (04/06/2019) - CBDT extends the due date of filing of TDS Statement in Form 24Q for financial year 2018-19 from 31st of May, 2019 to 30th of June, 2019. F.No.275/38/2017-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated: 4th June, 2019 OR...

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Recent Posts in "TDS Return"

TDS Return Filing Through NSDL RPU

There are many paid software’s are available for TDS Return preparing. However NDSL has provided their own Software which is very simple & easy to use. We can use the same for TDS Return Filing. If Assessee has done online registration on Income tax site then entire process become online. Advantage is that we can […]...

Read More
Posted Under: Income Tax |

DSC Registration & TDS Return filing on New Income Tax Portal

DSC Registration for TDS Return Filing & TDS Return filing through New Income Tax Portal Dear Friends, I have Tried to Explain the Detailed Procedure of TDS Return Filing though Income Tax New Portal [ www.incometax.gov.in ] launched recently in June 2021. Step by Step procedure explained for DSC Registration and Uploading TDS Ret...

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Posted Under: Income Tax |

TDS Returns & Compliance – Use a Reliable Software

Needless to say, in the regime of stringent statutory provisions, it is important to have a reliable software that not only helps in preparing TDS Returns but also takes care of the associated compliances....

Read More
Posted Under: Income Tax | ,

Error-Free TDS Returns – Healthy Practices

Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is prudent to follow practices that ensure that the filed TDS Returns are error-free. This means that correct credit will be received by the employees and vendors. Moreover, it will help avoid receiving unwanted Default Notices from...

Read More
Posted Under: Income Tax |

New e-TDS/TCS FUV & RPU from 02.04.2021

1. File Validation Utility (FVU) version 7.1 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards Key Features 1) Addition of new field under Annexure II of Form 24Q-Q4:- New field “Whether opting for taxation u/s 115BAC [Yes/No]” is added under Annexure II (Salary details) for Form 24Q-Q4. If value present under this fi...

Read More
Posted Under: Income Tax |

CBDT Extends Time Limits for Various Direct Tax Compliances – AY 2021-22

The Central Board of Direct Taxes after considering the severe continuing COVID-19 pandemic situation in the country, vide Circular No. 9 of 2021, dated 20 May 2021, has extended the deadlines of certain compliances for the Assessment Year 2021-22...

Read More
Posted Under: Income Tax |

Extension of Time Limits of Various Income Tax Compliances

In the wake of the pandemic Covid-19 and in the interest of taxpayers, the Central Board of Direct Taxes (CBDT) extended time limits for various compliances as under: 1. Statement of Financial Transactions (SFT) & Statement of Reportable Account (SRA):Due Date of SFT and SRA for the FY 2020-2021 has been extended from 31st May 2021 [...

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Posted Under: Income Tax |

आयकर से सम्बंधित बढाई गई मुख्य तिथिया

सरकार द्वारा कोरोना महामारी को देखते हुए आयकर से सम्बंधित विभिन्न तिथियों को बढ़ा दिया है जिससे करदाताओ को राहत मिलेगी आयकर से सम...

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Posted Under: Income Tax |

Income Tax Return, Tax Audit due date & Other dates extended

Circular No. 9 of 2021 - Income Tax 20/05/2021

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st July 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September 2021; 10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September 2021, is ext...

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Extended Income Tax Due Date Chart

CBDT issued Income Tax circular No. 09/2021 dated 20.05.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases: Extended Income Tax Due Date Chart after Considering circular...

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Posted Under: Income Tax |

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