Centralization of Service Tax Payment. Bank has centralized the payment of Service Tax. To Plug Income leakages caused by Non availment / short availment of CENVAT Credit Avoid Double payment of ST on commission income distributed among various Branch Offices
in finding the whereabouts of the a/c holders whose accounts have remained inoperative.
To ascertain the true profitability of operating units by benchmarking the product prices to the market rates.
More scientific method which integrates with the asset liability management.
Time Limit for issuance of Form-16 ( Salary)
TDS new limit (Rent)
TDS recovered for March to be credited to Gov a/c on or before
New Rate of TDS if PAN not quoted/ incorrect PAN
20 % or Applicable Rate whichever is HigherTDS