In the latest advertisement, the department has stated that, in form No No.16A (on income other than salary) for the quarter ended June 30, 2018 file it before August 15, 2018. For the ones who delay ...

Delay in filing the TDS statement shall entail levy of fee of Rs 200 for each day of default, not exceeding the amount of tax deductible. Tax deductors, who have deducted tax and have not deposited ...

TDS on rent is applicable for both rented-out commercial and residential properties. The government through the Union Budget 2017 (applicable to FY 2017/18) had inserted a new Section 194-IB to the ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...

TDS or tax deducted at source is widely known in the case of salaried employees, as it becomes difficult for the Income tax authorities to collect tax from individuals separately, so they collect it ...

To obtain Form 16 digitally, employees or employers can visit the official TRACES portal. As the income tax filing season approaches, salaried individuals across India gear up to submit their returns, ...