And If the payment has been made in instalments then the TDS is proportionately deducted from each individual instalment The buyer doesn’t need to obtain the Tax Deduction Account Number (TAN) for deducting and depositing TDS. Nevertheless, the PAN is the mandatory requirement for both the buye...
Further, non payment of Tax is a criminal offence and the individual is liable to be penalized & punished under the court of law. Moreover, Interest will get added to your tax liability till the date of payment of tax. When one needs to pay tax , Advance Tax, Self Assessment or Regula...
Documents Required for filing e-TDS Return PAN card TDS certificates (if TDS has been deducted by other) Payment details like TDS challan date, number, bsr code and tds challan amount In response to a notice received from the Department of Income Tax – You need the details of Original retu...