Tag Archives: #TDSComplianceRules

TDS compliance portal in India?

Difference between ITR and TDS

  TDS Compliance   TDS compliance, In India, the Tax Deducted at Source (TDS) compliance portal is an online platform provided by the Income Tax Department of India for TDS-related activities. The portal is known as the “TRACES” portal, which stands for TDS Reconciliation Analysis and Correction Enabling System. It offers various services and features… Read More »

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

TDS on Interest on late payment

TDS on Interest on late payment   TDS on Interest on late payment, No, Tax Deducted at Source is not applicable on interest due to late payments made to creditors. Tax Deducted at Source is specifically applicable to certain types of payments such as salaries, rent, professional fees, etc., as outlined in the Income Tax… Read More »