Tax Collected at Source under Goods and Services Tax Act 2017 and under Income Tax Act, 1961.
Income Tax : Updated TDS & TCS rates from April 1, 2025. Check applicable thresholds, deductions, and compliance requirements for various payme...
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...
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 : CBDT circular allows waiver of TDS/TCS interest under sections 201(1A)/206C(7) due to technical errors. Details on eligibility and...
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...
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 […]
Important Information : Aggregated TDS Compliance Report An entity level PAN associated with more than one TAN, for example PAN of the Central Office, Headquarter etc., having more than one TANs for its branches, can review the ‘Aggregated TDS Compliance’ report on a regular basis to improve TDS compliance at Organization level The feature assists […]
Procedure for Online Filing of TDS/ TCS Returns at E Filing Portal: CBDT (DIT Systems) Notification No. 10/2019 Income Tax dated 4th June 2019 CBDT has notified the procedure for online filing of TDS/ TCS Returns at e filing portal, including guidelines on registration, manner of the preparation/ submission of TDS/ TCS returns using DSC/ EVC […]
Article explains Important Information for Downloading Form 26AS, Brief Steps for Downloading Form 26AS, Pictorial guide for Downloading Form 26AS, Pictorial guide to View Form 26AS In HTML Format, Pictorial guide for Downloading Form 26AS In PDF Format and Pictorial guide to Download Form 26AS for more than 1000 Transactions. 1. Important Information for “Downloading […]
Important information : NRI Taxpayer Registration. NRI Tax Payer will login through the link www.nriservices.tdscpc.gov.in NRI Tax Payer will be able to perform the following activities through the portal: Registration View/Download Form 26AS Download /Correction Form 16B Manage profile, change password Brief Steps : NRI Registration To register at TRACES, Taxpayer need to click on […]
Important information on 26AS Download Tax Payer can view/download 26AS from TRACES from A.Y 2009-10 onwards 26 AS is available to view Online in HTML Format. 26AS is available for download in two formats: a) PDF b) Text 26AS can also be viewed by logging in other taxguru.in related sites which redirects Taxpayer to TRACES: […]
Important Information :Taxpayer Forgot Password PAN should be registered on TRACES Pan details entered while resetting the password must be same as mentioned at the time of registration Amount should be entered in two taxguru.in decimal places (e.g., 1234.56) For PAN holders, user id will be PAN Number only. Success message will be displayed. Email […]
Important information on Taxpayer Registration. Tax Payer will be able to perform the following activities through the portal: Registration View/Download Form 26AS Download Form 16B Verify TDS Certificate View/Download Aggregated TDS Compliances Report Manage profile, change password Perform 26QB correction Brief Steps for Registration To register at TRACES, Taxpayer need to click on “Register as […]
Declaration for Rectification of PAN Errors / Default in Original Statement Only TRACES Registered users can see this Declaration for PAN Errors / Defaults in Original Statement. Message will appear only in case of PAN Errors /Defaults or both have been identified in original statements. User can choose either of the three declarations mentioned below: […]
