Form 26QB (Challan-cum Statement) Under TDS To begin with, Form 26QB (Challan-cum Statement) has a twin-fold objective that is synonymous with the two blades of a single scissor – It is both a return as well as challan form for the deductions that have been made u/s 194 of the ...
PAN details of the deductor, deductee, TDS challan details and the number of TDS to be paid or deposited to the government. A TDS return is generally filed with a TDS return form available online including –
Step 1: Visit the bank branch receipt where the tax was deposited and carry the original challan receipt with you. Step 2: Ask and fill up the request form for tax correction. Submit a duplicate copy of the same to the related bank branch. Step 3: Submit the original challan counterfo...
GST payment refers to the tax paid by businesses on the supply of goods and services. It is a mandatory payment to the government based on the GST law. How do I make a GST payment? Login to the GST portal and generate a challan for the GST payment you wish to remit. Choose a payme...
Under section234B, penalty arises when the total amount of advance tax paid along with the amount of TDS is less than 90% of the total tax liability.In such a case, interest is calculated at 1% per month of the amount of shortfall for the time period from April to the month in which...
The next step is to select the Act under which the payment is to be made. For profession tax, it should be either PTRC Act or PTEC Act. The applicant must enter other details like financial year, the period for which profession tax is required to be paid, location, amount (as per th...
interest u/s 234A,but if any tax is due then you have to pay interest under section 234B, 234C. Please pay Self Assessment Tax using Challan 280, Update the tax paid in ITR and then revise the return. As explained in our articleSelf Assessment Tax, Pay Tax using Challan 280, ...
The salary changes will need to be paid retrospectively and this calculation is called Arrear calculation. The calculation will include additional income, increased taxes and deductions. Once you have identified such cases, include the additional salary and deductions in the payroll run. ...
The advance paid for the sale of the property is taxable. This amount will be later secured by the individual if the deal does not go through. The amount will be taxed under Income from Other Sources in that year. This amount is to be subtracted from the cost of acquisition of the prop...
TDS Challan 281 is a challan form used by employers to deposit tax deducted at source (TDS) on salary to the government. It is used for payment of TDS on salary by an employer to the government. This challan form is issued by the Income Tax Department. ...