Late fee is applicable if return is not filed by deadline Penalty is levied if return is not filed within 1 year of due date Interest is charged on TDS amount if same is not deposited with Government
Online filing of TDS return is only mandatory for only a certain class of persons: Government office Company's principle officer Assessees whose accounts are audited u/s 44AB of Income Tax Act
No. Only when the payment amount increases a certain threshold. Payment to Individual - Rs. 2,50,000 and above Payment to Senior Citizens - Rs. 3,00,000 and above Payment to Super senior citizens - Rs. 5,00,000 and above
Person who is responsible to make payment of salary to employee.
TDS is deducted at the time of crediting or paying salary to the employee.