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TDS/TCS returns will not be accepted if TAN is not quoted and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of ₹10,000 No documents are required to be filed with the application for allotment of TAN.
Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
A transaction authentication number (TAN) is used by some online banking services as a form of single use one-time passwords (OTPs) to authorize financial transactions. TANs are a second layer of security above and beyond the traditional single-password authentication. TANs provide additional security because they act as a form of two-factor ...
According to Karnik, the Ozempiz scam can also steal identities, besides stealing money and jeopardizing others’ health. “Scam victims may share sensitive personal information, including ...
September 7, 2024 at 12:00 PM. Vice President Harris’s campaign is seeking to highlight support from prominent anti-Trump Republicans ahead of November as she looks to expand her base of support ...
A second United States aircraft carrier, the USS Abraham Lincoln, arrived in the Middle East on Wednesday escorted by guided missile destroyers, the U.S. Central Command said. The carrier ...
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Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and ...