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The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has removed the late fees levied under Section 234E of the Income Tax Act, 1961, for the delayed filing of quarterly Tax Deducted at Source (TDS) returns before June 2015. Ram Refrigeration & Electronics Pvt. Ltd., a private corporation, has filed an appeal against the […]
The Pune ITAT held that levying late fees under Section 234E for TDS returns processed before June 1, 2015, was unjustified, noting that the revision to Section 200A was yet to take effect. The taxpayer, Shrikrishna Laxminarayan Thakur, furnished the TDS returns for diverse quarters across Assessment Years 2013-14, 2014-15, 2015-16, and 2016-17. All these […]
The Kerala State GST Department has sought the government departments, agencies, and local self-government departments to consider the amendments in GST-TDS return filing w.e.f April 1, 2025. Particular amendments would be made in the monthly TDS Return GSTR-7 Table-3 under Rule 37 of Central Goods and Services Tax (Amendment) Rules, 2024. As part of the […]
When a business has no tax deductions during a specific period, filing a Nil TDS Return is a way to comply with legal and regulatory requirements related to tax withholding. Top Reasons Why Businesses Should File Nil TDS Returns If a business hasn’t had any Tax Deducted at Source (TDS) during a certain period, it […]
The Kerala High Court invalidated the intimation order issued under the Income Tax Act, 1961 regarding the imposition of late fees under Section 234E of the Income Tax Act, 1961 for the delayed submission of previous Tax Deducted at Source (TDS) returns. The petitioner, Sutheepan Sowmini, contested the notice related to the late fees imposed […]
The Income Tax Appellate Tribunal (ITAT) Delhi bench, filed a separate rectification application for several intimations related to different financial years for levying late fees on the basis of a belatedly filed Tax Deduction at Source (TDS) return. The taxpayer, Abhishek Malhotra is a practising advocate and filed TDS returns belatedly for distinct quarters in […]
In this article, we have discussed the process of how to upload the TDS returns using Gen TDS software. The concept of TDS was introduced to collect tax from the source of income. As per this concept, a person (deductor) liable to make a payment of a specified nature to any other person (deductee) shall […]
There are various furnished software available for TDS return preparation. But NDSL furnished their own software which is easier to practice. You can practice the same for filing the TDS return. If the taxpayer had furnished the online enrollment on the website of income tax site then the whole process shall convert to online. The […]
The most prominent software in the market that files TDS returns easily is Gen TDS with an upgraded version 2.25.4.1; it includes all the required specifications that help in furnishing returns. Furthermore, Gen TDS software is an easier and user-friendly platform that is specially made to file the TCS along with TDS returns under the […]
