As notices have been issued by the CPC (TDS) on the filing of the Quarterly TDS Statements, TDS has become a torment not only for the assessee but also for the tax professionals. We are attempting to ...

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 ...

TRACES website stands for TDS Reconciliation Analysis and Correction Enabling System.TRACES online portal connects all the stakeholders/deductors, i.e., taxpayers ...

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 ...

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 ...

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.

An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...

How do I deduct TDS and submit the same for a housing property bought from an NRI? Answer: As per the provisions of Section 195 of Income Tax Act, any person who pays any sum of money which is ...