CPC (TDS) follow up for Payment of “Tax Deducted” within stipulated time: As per the records of the Centralized Processing Cell (TDS), this has been observed that there has been substantial delay in payment of the “amount of Tax Deducted” during the Financial Year 2013-14. In such case, this leads to Short/ Late Payment Defaults in your TDS Statements. CPC (TDS) has issued a follow up communication in this regard to deductors. The issued communication has been given below: Dear Deductor (TAN: ), You may be aware that, in accordance with the provisions of Rule 30 of the Income Tax Rules, 1962; all sums deducted in accordance with the provisions of Chapter XVII-B of the Income Tax Act, 1961, shall be paid to the credit of the Central Government on or before seven days from the end of the month in which the deduction is made. However, as per the records of the Centralized Processing Cell (TDS), this has been observed that there has been substantial delay in payment of the “amount of Tax Deducted” during the Financial Year 2013-14.In such case, this leads to Short/ Late Payment Defaults in your #TDS Statements. Read more >> blog.tdsman/2014/10/cpc-tds-follow-payment-tax-deducted-within-stipulated-time/
Posted on: Mon, 13 Oct 2014 10:59:57 +0000
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