Process to revise TDS returns

Introduction When you have filed your TDS returns with NSDL, you might realize that there is a fault in the returns. These faults can be due to different reasons like wrong deductions or incorrect challan details or incorrect PAN details of a deductee. The revised TDS...
Responsibility of TDS deductor

Responsibility of TDS deductor

The article will tell us amazing of the duties of TDS deductor who is decreasing the tax and deposit to the government account is required to follow: Tds Deductor is required to cut tax at correct rate and deposit it in Government Account Every person is responsible...

Implications for Non Compliance with TDS Provisions

The non compliance with TDS provisions attracts different types of penalties if a person fails to deduct or pay TDS on the payment for which he was required to deducted TDS. TDS is required to be deducted in the specified cases as per the provisions of the Act. TDS is...

Section 194J: TDS on Professional Fee

Section 194J of the Income Tax Act of 1961 provides that an individual should deduct TDS on professional fees paid by the individual to a resident in excess of Rs. 30,000/- Deductor The deductor of the TDS for professional fees is a person (other than an individual or...

TDS Payment Challan 281

TDS Payment Challan or Challan 281 is the challan for the installment of TDS by organizations as well as Individuals. TDS is the system introduced by the government in which tax is withdrawn at source in the particular situation while making installment by the...