Tag Archives: #TDSComplianceRules

TDS compliance portal in India?

Difference between ITR and TDS

  TDS Compliance     Here are some key features and services offered by the TDS compliance portal in India: 1.TDS Statement Filing: Taxpayers can file their TDS statements, including Form 24Q, 26Q, 27Q, and 27EQ, electronically through the TRACES portal. These statements contain details of tax deducted and deposited by the deductor. 2.TAN Registration:… Read More »

Is TDS deductible on interest, due to late payments to creditors?

TDS on Interest on late payment

Is TDS Deductible on Interest Due to Late Payments to Creditors? Introduction Tax Deducted at Source (TDS) is an essential part of the Indian taxation system, ensuring that taxes are collected at the point of income generation. Businesses often face situations where they make late payments to creditors, leading to interest liabilities. This raises the… Read More »