TDS Return

Income Tax Deductors! Time To File TDS Statement

Income Tax - E-File TDS Statement for the Quarter ended on 31st March 2019 by 31st May 2019. Due date is extended to 30th June 2019 for Odisha. Avoid Late Fees of Rs. 200/- per day and levy of Penalty upto Rs. 1,00,000 by filing TDS Statement on or before due date. INCOME TAX DEDUCTORS! -TIME TO FILE […]...

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Due date of Filing TDS statement

Income Tax - To bring Uniformity and to give deductors sufficient time in filing of TDS Statement CBDT has vide Notification No. 30/2016 Dated: 29.04.2016 has revised due date for filing above referred TDS statements for Government and non-governemnt deductors wef 01.06.2016 to as follows :-...

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12 Facts to consider before filing TDS return

Income Tax - As the due date of filing of quarterly TDS statement for second quarter of FY 2013-14 is approaching fast, you are advised to file TDS statement well before due date (15th October for Non Government deductors and 31st October for Government deductors). ...

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Not filed TDS Return-File NIL Declaration on Traces

Income Tax - The last date for filing the TDS Statements for the Second Quarter of FY 2014-15 is already over. There will be many deductors who did not deduct any tax during the relevant quarter and therefore did not file any statement for deduction of tax at source u/s 200(3) of the Income Tax Act’1961. ...

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Simple ways to avoid Defaults in TDS Statements

Income Tax - We can easily avoid Defaults in TDS statements, by way of adherence to the following basic principles: · Timely Payment of total taxes deducted/ collected · Correct Reporting with regard to PANs, Tax Rate and Challans · Complete Reporting for all Deductees · Timely filing of TDS Statements...

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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 – New File Validation Utility (FVU) version 2.133 – Key features / Download

Income Tax - Import of challan file (.csi file): Import of challan file downloaded from the TIN website (Challan Status Inquiry) has been made mandatory at the time of validating the quarterly TDS/TCS statement, if the TDS/TCS is deposited through challan. This will be applicable in case of regular statement and for correction statement in the scenari...

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

Notification No. 10/2019-DIT - (04/06/2019) - TDS deductors /TCS collectors will have the option of online filing of e-TDS/TCS returns through e-filing portal or submission at TIN Facilitation Centres. Procedure for filing e-TDS/TCS statement online through e-filing portal www.incometaxindiaefiling.gov.in is given by Notification No. 10/2019 Da...

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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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CBDT extends due date of TDS Payment, Return & Certificate in Odisha

F.No.275/38/2017-IT(B) - (24/05/2019) - CBDT Extends the due date of depositing tax deducted at source (TDS), due date of filing of Quarterly Statement of TDS and due date for issue of TDS certificates in Form 16 and 16A in respect of deductors of the state of Odisha...

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CBDT notifies changes in Rules related to Refund of TDS

Notification No. 45/2017 [G.S.R. 554(E)] - (05/06/2017) - CBDT has vide notification No. 45/2017 notified that claim for refund of TDS paid can be furnished by the deductor in Form 26B electronically under digital signature or verified through an electronic process....

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

PRESS RELEASE - (17/10/2014) - 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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Recent Posts in "TDS Return"

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

Notification No. 10/2019-DIT (04/06/2019)

TDS deductors /TCS collectors will have the option of online filing of e-TDS/TCS returns through e-filing portal or submission at TIN Facilitation Centres. Procedure for filing e-TDS/TCS statement online through e-filing portal www.incometaxindiaefiling.gov.in is given by Notification No. 10/2019 Dated 04th  June, 2019. F.No. 1/3/7/CIT(O...

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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 ORDER UNDER SECTION 119 OF […]...

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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 the eyes of law and the said direction i...

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Income Tax Deductors! Time To File TDS Statement

E-File TDS Statement for the Quarter ended on 31st March 2019 by 31st May 2019. Due date is extended to 30th June 2019 for Odisha. Avoid Late Fees of Rs. 200/- per day and levy of Penalty upto Rs. 1,00,000 by filing TDS Statement on or before due date. INCOME TAX DEDUCTORS! -TIME TO FILE […]...

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Posted Under: Income Tax | ,

CBDT extends due date of TDS Payment, Return & Certificate in Odisha

F.No.275/38/2017-IT(B) (24/05/2019)

CBDT Extends the due date of depositing tax deducted at source (TDS), due date of filing of Quarterly Statement of TDS and due date for issue of TDS certificates in Form 16 and 16A in respect of deductors of the state of Odisha...

Read More

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....

Read More

Due date of Filing TDS statement

To bring Uniformity and to give deductors sufficient time in filing of TDS Statement CBDT has vide Notification No. 30/2016 Dated: 29.04.2016 has revised due date for filing above referred TDS statements for Government and non-governemnt deductors wef 01.06.2016 to as follows :-...

Read More
Posted Under: Income Tax | ,

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

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:...

Read More
Posted Under: Income Tax |

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

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....

Read More
Posted Under: Income Tax |

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

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...

Read More
Posted Under: Income Tax |

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