Due Date of TDS Payment and Return For AY 2022-23
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
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TDS
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
Form no. 16A is also a TDS certificate, it is applicable for TDS on income other than salary.
Form 16 is a salary TDS certificate, which is issued to a salaried employee, whose salary is liable for TDS deduction every year.
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.
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.
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
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 …
Section 192 says that every person who is responsible for paying any income chargeable “Under The Head Salary” is required to deduct TDS