Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
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 […]
There is 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 which fills TDS easily is Gen TDS; it includes all required specifications that help in furnishing the returns. Furthermore, Gen TDS software is an easier and user-friendly platform that is specially made to file the TCS along with TDS returns beneath the regulations of the TRACES in India. […]
TDS returns must be filed by respective organizations or taxpayers according to a predefined schedule. In this post, we have guided some of the important questions and their solution about the TDS return filing. Tax Deducted at Source (TDS) is a type of direct tax introduced by the income tax department of India that requires […]
TDS Return or TDS statement is a quarterly statement which a TDS deductor has to submit to the income tax department. TDS return reflects the amount of TDS deducted by you and deposited to the government. TDS is Tax Deducted at Source i.e. the tax which is deducted at the place where the income is […]
TDS return becomes defective if the PAN entered at the time of filing the return is wrong. Once you make such a mistake, the next step is obviously to revise the return. An applicant receives a notice from the Income Tax Department on submitting the wrong PAN, and then he needs to file a revised […]
Tax Deducted at Source or TDS refers to an advance tax which is deducted from the income or earnings of an individual or an organization before actually crediting the income into the account of an individual or entity, as per the Taxation Code of India. As the name suggests, Tax deducted at source, it is […]
It is observed that uploading TDS returns on the TRACES portal can be hard for a few taxpayers. Also, there are complications with the data processing system on the government portal. Recently the NSDL e-Gov prepared a software solution namely e-TDS/TCS return preparation utility (RPU) to ease the preparation of e-TDS/ TCS filing returns. The […]
