Tax Collected at Source under Goods and Services Tax Act 2017 and under Income Tax Act, 1961.
Income Tax : Learn about the Lower Deduction Certificate under Sections 197 & 206C(9) of the Income Tax Act. Understand eligibility, applicatio...
CA, CS, CMA : Explore 375 key legal compliances and updates across FEMA, Income Tax, and GST for March 2025. Stay informed on filing deadlines a...
Income Tax : Learn about TCS rules under Section 206C(1G) of the Income Tax Act for non-resident buyers of overseas tour packages and CBDT's ex...
Income Tax : Explore major income tax updates for FY 2025-26, including revised tax slabs, TDS/TCS rules, rebates, and benefits for startups. S...
Goods and Services Tax : Stay updated with key tax compliance deadlines for March 2025, covering Income Tax, GST, TDS, and more. Ensure timely filing and a...
Income Tax : Learn about new rules restricting TDS/TCS correction statements under Income-tax Act Section 200(3) from April 2025. Key dates and...
Income Tax : Stay updated on TDS/TCS filing due dates for FY 2024-25 and download the latest RPU (v5.4) and FVU (v8.9). Key changes and assista...
Income Tax : CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-...
Income Tax : KSCAA requests review of incorrect TDS credit processing by CPC Bengaluru for AY 2024-25 and urges system corrections and resoluti...
Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...
Income Tax : ITAT Pune held that since income of minor child is clubbed in the hands of assessee, TCS collected on the same needs to be credite...
Income Tax : The Orissa High Court quashed prosecution against Kashvi International for delayed TDS deposit, citing COVID-19 and financial hard...
Goods and Services Tax : Madras High Court held that order confirming demand due to mismatch between returns under GST set aside with condition to deposit ...
Income Tax : ITAT Ahmedabad partially upholds CIT(A)'s decision on TCS collection under Section 206C. Analysis focuses on Form 27C delays, proc...
Income Tax : ITAT Bangalore held that TCS credit is allowed to the entity conducting the business, irrespective of the fact that the liquor lic...
Income Tax : Government specifies IFSC units exempt from tax collection under Section 206C(1H) for eligible purchases. Details outlined for buy...
Income Tax : CBDT exempts tax collection at source (TCS) on payments received from the Reserve Bank of India under Section 206C(1F) of the Inco...
Income Tax : Income Tax Circular 08/2024 exempts higher TDS/TCS rates if deductee/collectee dies before PAN-Aadhaar linkage, addressing taxpay...
Income Tax : The Ministry of Finance exempts RBI from Section 206CCA of Income Tax Act, 1961 through Notification No. 46/2024 dated 27th May, 2...
Income Tax : RBI exempted from Section 206AB of the Income Tax Act, 1961, via Ministry of Finance notification dated May 27, 2024. Learn more a...
Brief Steps to check Total Outstanding Demand Step 1. Login on Traces website as deductor. Step 2. Click on ‘Dashboard‘. Step 3. After clicking on ‘Dashboard‘. There is a tab of ‘Total Outstanding Demand‘. Step 4. Click on ‘Total Outstanding Demand‘ demand table will appear on the screen, – User can click on ‘Prior year’ […]
Article contains Important Information for Online TDS/TCS/Demand Payment With Challan ITNS 281, Brief steps for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’ and Pictorial Guide for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’. 1. Important Information for “Online TDS/TCS/Demand Payment With Challan ITNS 281”. Challan No. ITNS 281 is used by the Deductors to deposit […]
Article contains Important Information for 26QB- Justification Report, Brief Steps for 26QB- Justification Report and Pictorial guide for 26QB- Justification Report. 1. Important Information for “26QB- Justification Report”. Only Buyer registered on “TRACES” can submit request for Justification Report. Request for Downloading Justification Report can only be submitted when 26QB Statement Cum Challan will be […]
Digital Signature Registration on TRACES Steps of Installation of Install Digital Signature certificate PFX file/Hard Token 1. Requirement for usage of Digital signature certificate : Valid Digital Signature should be obtained from Third Party Vendor. Only class 2 or class 3 digital Signature certificates taxguru.in are allowed for the purpose of registration on TRACES. TRACES […]
Article explains Important Information on Request for Resolution for Taxpayer, Brief Steps for Raising ‘Request for Resolution, and Pictorial Guide for ‘Raising Request for Resolution’ and ‘Resolution Tracking’ 1. Important Information on “Request for Resolution” for Taxpayer Only a Registered Taxpayer can avail the facility of raising “Request for Resolution” under “Online grievances module”. This […]
Important information on 26QB Correction Buyers registered on TRACES only can avail the facility of ’26QB correction’ under ’26QB’ Menu after login. Request for 26QB correction can be raised from Assessment Year 2014-15 onwards If Buyer files 26QB correction and seller is Known, correction can be submitted through e-Verify (Net Banking) /AO Approval / DSC (If […]
As per Notification number 09/2019 CBDT date 06 May 2019 has issued guidelines on issuance of Form 16 Part B from traces Portal. As per Notification number 36/2019 Dated 12th April 2019 CBDT has updated the Form 16 Part B format and the Form 24Q format. The revised template are framed in such a way […]
E-Tutorial on Important Information for 26QB Correction (Second Time), Brief steps for 26QB Correction (Second Time), 3. Description for Requested Status of 26QB Correction (Second Time), 4. Pictorial guide for 26QB Correction (Second Time) and Pictorial guide for Approval by Seller/Buyer for 26QB Correction (Second Time). 1. Important Information for “26QB Correction (Second Time)”. ♦ […]
Article explains Important Information for 26QB Correction, Brief steps for 26QB Correction, Description for Requested Status of 26QB Correction, Pictorial guide for 26QB Correction, Procedure for 26QB Correction with E- verified (Internet Banking), Pictorial guide for 26QB Correction with E-Verified (Internet Banking), Pictorial guide for 26QB Correction with DSC (Digital Signature Certificate), Pictorial guide for […]
Important Information on Resend of Activation Code While registration on TRACES, Taxpayer has to activate their account within 48 hours If Account does NOT activated , previous activation code get expired and a new activation codes and link is required to re- generate by re-registration. If Taxpayer mentioned wrong Email Id and/or Mobile Number taxguru.in […]
