TDS under Clause 34 of Form 3CD

TDS

Clause 34 of the Revised Form 3CD has increased the reporting obligations in regards to TDS. As an auditor we are require to report upon the following matters:-
a)      Whether the assessee is required to deduct or collect tax as per the provisions of Chapter XVII-B or Chapter XVII-BB, if yes please furnish:
1 TAN NO
2 Section 
3 Nature of payment 
4 Total amount of payment or receipt of the nature specified in
5 Total amount on which tax was required to be deducted or collected
6 Total amount on which tax was deducted or collected at specified in (5)
7 Amount of tax deducted or collected out of (6)
8 Total amount on which tax was deducted or collected at less than specified rate out of (7)
9 Amount of tax deducted or collected on
10 Amount of tax deducted or collected not deposited to the credit of the Central Government out of (6) and (8)
b)     *whether the assessee has furnished the statement of tax deducted or tax collected withinthe prescribed time. If not, please furnish the details
Tax deduction and collection Account Number (TAN)
Type of Form
Due date for furnishing
Date of furnishing, if furnished Whether the statement of tax deducted or collected contains information about all transactions which are required to be reported
c)      *whether the assessee is liable to pay interest under section 201(1A) or section 206C(7). If yes, please furnish:
Tax deduction and collection Account Number (TAN)
Amount of interest under section 201(1A)/206 C(7) is payable
Amount paid out of column (2) along with date of payment.

What we can Do?
v  Visit the website www.tdscpc.gov.in
v  Login the system by entering User ID & Password in order to check the TDS defaults for Current year and last years. For Last years defaults please make a liability.
v  User ID & Password can be obtained from the branch.
v  The defaults shown by the system should be scrutinized carefully & in case of any default, the bank is required to make the adequate provision for that in accordance with AS 29.
v  All the defaults are required to be reported under Clause 34 of the Form 3CD.

(Original Article credit to Shri R.  I.  R. @ 08-04-2015)

#Creativity Spurts

#Creativity spurts.

Instagram-vsmathurco

Aalia Mahesh Bhatt

Dining Room Wall (Residence)

Aanya Nakul Vagale

Dr. Kamayani Mathur & Aanya N. Vagale

Instagram Quote # 001

Instagram Quote # 002

Sabarmati Riverfront-Backside-Ahmedabad

Decoration at Ankit B. Sharma Wedding, YMCA Club, Ahemdabad

Instagram Quote # 003

Instagram Doodle # 001

My lovely Sister (Jaya) and her daughter (Neha)

Ankit B. Sharma & Akshi A. Sharma

CA Vikram Shankar Mathur with his Desktop

Vikram S. Mathur And Co: Have trouble creating a Presentation?

Vikram S. Mathur And Co: Have trouble creating a Presentation?

Resilence - My strongest point

Resilence

It has been said for me, that I am very mild mannered and tend to be timid and soft-spoken. It is true, undoubtedly, because of the way that I have been brought up can never allow me to be brash and aggressive,  which is supposed to be a manly trait.  However,  in today's times,  where practically there is no distinction between men and women,  in the sense that most women are entering domains erstwhile the privvy of men and vice versa. To the extent  that business suits are now adorning many a female figure. Which does not mean much, because the lines that distinguish men and women, at least insofar as work lines are concerned, are quite blurred.

But, let me not digress, the fact that I am very mild by basic nature may be true, however no one really knows the full depth of my character. Since the author himself is yet to discover the full extent of his character, and he is obviously not in a position to intimate anyone else. 

So, CIAO for now. 

CA Vikram Shankar Mathur 

eat,love,dance,pray,laugh n hug :O)....: GOOD-BYE AND HELLO..

eat,love,dance,pray,laugh n hug :O)....: GOOD-BYE AND HELLO..

The Professional Hub: Penalty u/s 271(1)(c) cannot be levied on disallow...

The Professional Hub: Penalty u/s 271(1)(c) cannot be levied on disallow...: AO levied penalty u/s 271(1)(c) on disallowance made u/s 40(a)(ia). Hon’ble ITAT observed that the assessee had debited expenses in respec...

September 4, 2012

CA Vikram Shankar Mathur
FCA, DISA (ICAI)

It gives me great pleasure in introducing my personal website located at this website, i.e. www.vsmathur.co.in and also to announce that I am managing the same myself using Wordpress. This is a relatively new technology that allows you to experiment with a lot of things that simply were not available when I entered into the practice of Chartered Accountancy w.e.f. 08/08/1989. Clearly, Information Technology has taken great strides in the last 23 years !! Then what to say about the year I cam to Ahmedabad, Gujarat, India in September, 1988. It was only during the time that I started my first job with Ingersoll-Rand (India) Limited in November, 1989 that I began learning computers! That too only because my boss, Shri Sharad Malwade, insisted that I make all my reports to him using computers. Thanks, boss, your advice has really been helpful in my march towards becoming a Deadly VBA Programmer !!

CAclubindia Reaches 6 Lac members

CAclubindia Reaches 6 Lac members

share

20 Search Engine List Shared !!