Failure to provide the required paperwork. Unpaid self-assessment tax obligations. Not submitting tax returns. Random examination by the evaluating officer. Long-term capital gains from equities investments are not accurately reported. Concealment of income. The reported TDS amount is incorrect. Submittin...
As is apparent from the above article, you have to pay TDS on FD interest income. If you are eligible for waivers on FD TDS, ensure that you submit the relevant 15G/H form at the beginning of your FD tenure. In doing so, the bank will not levy any tax on your interest income. I...
Calculate the total of December-20’s TDS. =SUM(E6:E10) Press Enter. For the month of February-20, we will use the SUM function. =SUM(F6:F10) Hit the Enter key. Compute the total TDS amount. =SUM(G6:G10) Hit Enter to see the result. Method 2 – Input Necessary Information The...
1. Online Payment via GST Portal Log In: Access the official GST portal with your credentials. Create Challan: Navigate to the ‘Services’ section, select ‘Payments,’ and then ‘Create Challan.’ Select Tax Head: Choose the appropriate tax heads and input the payment amount. Choose Payment...
cable service (TDS). When I try to log on, it says TDS TV subscription does not include HBO. When I called, they said I don’t get HBO GO because I have cable. Should I, or should I not, have access to HBO GO free since I subscribe to HBO? And if so, how do I go about...
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...
2. After selecting "Services," go to "User Services," then click the "View/Download Certificate" button. 3. The "Download" icon must then be clicked.Q: How do I check my certificate of GST registration? Ans: The steps to check the GST registration certificate are mentioned below: Step...
2. The tenancy agreement must make clear that the deposit can be used to pay the permitted fee. If it does not, a tenant may be liable to pay the fee, but TDS may not be able to award it from the deposit. 3. Wherever possible, the likely amount of the charge should be set ...
Common Mistakes and How to Avoid Them Here are some of the common mistakes that businesses commit during GST payment online and how to avoid them: Incorrect tax amounts: Double-check the tax amounts reported in the return. Ensure that the amounts match your records and the payments made. ...
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