TDS डिफ़ॉल्ट पर जीएसटी/टीडीएस जुर्माना
Definition
The Mechanism: Private lesson instructor payments require TDS deduction under Income Tax. Manual allocation errors lead to TDS defaults or incorrect filings, attracting penalties.
Key Findings
- Financial Impact: ₹10,000-₹1,00,000 per TDS default (100% of tax + interest)
- Frequency: Quarterly filings
- Root Cause: Manual errors in identifying taxable lesson income and TDS computation
Why This Matters
The Pitch: Fine Arts Schools in India face ₹10,000+ GST/TDS penalties per default due to manual payment processes. Automation ensures compliant TDS allocation.
Affected Stakeholders
Accounts Payable, Compliance Officer
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
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Related Business Risks
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