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Do You Need to Make TDS Corrections? Read this first!

Before you file returns/statements relating to TDS/TCS, make sure no TDS (Tax Deducted at Source) corrections are required. However if there are any mistakes in the original returns/statements, the Income Tax (IT) department has provided a procedure for submitting ‘correction returns/statements’. Possible reasons for TDS corrections Mention of incorrect PAN number in the employee’s (deductee’s) …

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Will the SME Sector Take Advantage of its Export Arsenal?

According to the Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of Commerce and Industry (MoCI), Government of India, there are about 50 million MSMEs in the country that collectively generate more than a third of India’s GDP. They employ 20% of the workforce, accounting for almost half of India’s total exports. …

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Full Circle!

The applause was reverberating through the corridors of the headquarters. It was a sort of thing the ageing structure, built during the British rule in India, hadn’t seen in recent times. And certainly not what you’d expect during working hours of a Public Sector Bank. The entire office rallied voluntarily to be part of the …

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