How to ensure proper TDS deductionGautam Nayak
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Should your interest income surpass the exemption threshold, TDS will be subtracted at the going rate, which is at 10%. If, however, your total taxable income is less than the designated thresholds, you can avoid TDS by filing Form 15G or 15H. How to apply for a waiver on your TDS o...
My total employment is 4.7 years and total amount in my uan amount if 5.5L. I have filed claim and the same was rejected stating that pls upload form 15 g to avoid deduction of tds. My total income is more than 10 L and I have my own business. Pls guide me to fill form 15g in...
After this process is complete, it is best practice to reconcile the values and verify accuracy to avoid errors. Post-payroll Process Statutory compliance:At the time of processing all statutory deductions like EPF (Employee Provident Fund), TDS (Tax Deduction at Source), and ESI (Employee State...
Year of tax deduction Tax deducted TDS/TCS creditVerificationThe taxpayer has to verify and self-attest the form at the last by signing the verification content after entering all the details such as name, parent name and PAN details.Medium...
To avoid disputes or prepare your case for a deduction claim, you should familiarise yourself with the points below. They provide insight into how a TDS adjudicator would approach a dispute case involving fees: 1. The tenancy agreement must clearly explain the circumstances in which a tenant ...
In the case of Non-deduction of TDS The Penalty of 1% interest on the amount not deducted for the TDS In case of Non-remittance of the TDS to the government The Penalty of 1.5% of the total deducted amount that is calculated per month Delay in the TDS returns Filing The Penalty of a...
Businesses can ensure compliance with the applicable laws and regulations at all times through online profession tax payment in Maharashtra and avoid any penalties associated with non-compliance. Profession Tax Slab in Maharashtra In order to facilitate adequate online Profession Tax Payment Maharashtra, ...
Check for Errors:Double-check your ITR for any errors before submitting it. Ensure all details are accurate and complete to avoid any issues during the processing of your return File by the Due Date:The due date for filing ITR is July 31st for individuals and October 31st for businesses requ...