Form 16A: TDS Certificate on Income Other than Salary
Form no. 16A is also a TDS certificate, it is applicable for TDS on income other than salary.
TDS
TDS
Form 16: TDS Certificate of Salary Income
Form 16 is a salary TDS certificate, which is issued to a salaried employee, whose salary is liable for TDS deduction every year.
TDS Return on Non-Salary Payment
Form 26Q is a quarterly statement of deduction of tax under section 200 (3) of the Act. This form is filed in respect of non-salary payments e.g. TDS on interest, TDS on contract, TDS on professional fees, etc.
TDS Return on Salary Payment
When an employer pays salary to an employee, the employer is required to deduct TDS u/s 192. The employer has to file a salary TDS return in form 24Q, which needs to be submitted on a quarterly basis.
Due Date of TDS Payment and Return For FY 2021-22
If the return is not filed in time, then as per section 234E the deductor will have to pay the late fee of Rs. 200 per day
Income Tax Audit Late Fees For AY 2021-22
If any person who is required to comply with section 44AB fails to get his accounts audited in respect of any year or years as required under section 44AB or furnish such report as required under section 44AB, the Assessing Officer may impose …
Income Tax Audit Late Fees For FY 2020-21
If any person who is required to comply with section 44AB fails to get his accounts audited in respect of any year or years as required under section 44AB or furnish such report as required under section 44AB, the Assessing Officer may impose …
Circular No. 09/2021: Dated 20th May 2021
In view of the severe pandemic, the Central Board of Direct Taxes, in the exercise of its powers under Section 119 of the Income-tax Act, 1961, provides the following relaxation circular no. 09/2021 in respect of Income-tax compliances by the …