Income Tax : Explore the impact of Tax Deducted at Source (TDS) on commercial business income in India. Detailed analysis, rates, compliance, a...
Income Tax : Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to a...
Income Tax : Understand capital gains tax on equity and mutual funds. Learn about short-term and long-term gains, tax rates, exemptions, and st...
Income Tax : Get answers to common ITR issues and FAQs for filing your tax return for AY 2024-25. Resolve filing errors and understand tax regi...
CA, CS, CMA : Stay informed with February 2024 legal obligations & updates in India. From Income Tax to GST, understand forms, filing dates, & s...
Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...
Income Tax : Learn who can file ITR-1, who cannot, necessary documents, and precautions. Understand the process of filing ITR-1 (Sahaj) online ...
Income Tax : Understand tax deduction rules for dividends as per Income-tax Act, 1961 amendments. Detailed guide on TDS rates, exemptions, and ...
Income Tax : Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU)...
Income Tax : Receive a reminder from CPC (TDS) to file your TDS Statement 26Q for Quarter 4, F.Y. 2023-24. Understand implications of non-compl...
Income Tax : Read the detailed judgment of Bombay High Court in ACIT Vs Sociedade de Fomento Industrial Pvt Ltd regarding TDS deduction on retr...
Income Tax : ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automoti...
Service Tax : Explore the detailed analysis of Indian Additives Ltd vs Commissioner of GST & Central Excise. CESTAT Chennai rules no service tax...
Income Tax : Calcutta High Court rules in favor of Vodafone Idea Limited, stating no TDS is required on payments received by distributors/franc...
Income Tax : Gujarat High Court rules in favor of Bharti Airtel Ltd, stating distributor discounts are not subject to TDS under Section 194 of ...
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...
Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...
Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...
Income Tax : Discover the latest Circular from the Ministry of Finance, India, outlining measures to reduce tax litigation by specifying condit...
Income Tax : Get details on Circular No. 04/2024 by CBTD. Ex-post facto extension for Form No. 26QE due date till 30.05.2023. Waiver of fees an...
Airport Retail P. Ltd. Vs DCIT (ITAT Mumbai) Conclusion: Payments towards bank charges for credit card payments were not liable for TDS under section 194H as the same was not a commission. Held: Assessee had made payments towards bank charges for credit card payments . AO made the additions as assessee made payment without deduction […]
Article explains Important Information on Online Correction, Most Common Error While filing Online Correction, Brief Steps for Online Correction – Resolution for Overbooked Challan (Movement of deductee row), Status of Online Correction Requests and Process for Online Correction Resolution for Overbooked TDS/TCS Challan. Online Correction-Resolution for Overbooked Challan (Movement of deductee row) Important Information on […]
Article explains Important Information on Download of Section 197 Nil or Lower rate deduction Certificate, Brief Steps for Downloading Section 197 Certificate (Deductor’s Inbox), Procedure to download Section 197 Certificate (Deductor’s Inbox), Brief Steps for Downloading 197 Certificate (Deductor’s Downloads Menu), Procedure to download 197 Certificate (Deductor’s Downloads Menu) and Sample of 197 Certificate. 1. […]
Article contains Brief Steps for Downloading Form 27D, Important Information on Form 27D and Pictorial Guide for Downloading Form 27D and 27D PDF Converter Utility V1.0. 1. Brief Steps for Downloading “Form 27D”. Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: […]
Brief Steps for Downloading of Transaction Based Report (TBR) ♣ Please check statement status under ‘Statement /Payment Tab’ before raising the request for TBR. Request for Downloading TBR can only be submitted when statement Status is either “Processed with Default” or “Processed without Default”. ♣ Financial Year, Form type and Quarter for which KYC required […]
Utilities available on TRACES: PDF Convertor utility V 1.4 L – To convert Form 16/16A into PDF this utility is required . System specifications to run this utility are JAVA 8 update 45, JRE 1.7 or above , Pop up blocker should be enabled . Transaction Based Report PDF Convertor V1.1 – To convert Transaction based Report […]
How to download Traces PDF Generation Utility to convert Form 16 / 16A text files into PDF Traces PDF Converter V1.3L Light Version All content in this e-tutorial are purely for information purpose. All names may be trademarks of their respective owners. Login to TRACES Downloading Utility After Logging In (contd.) – Landing Page – – […]
Article contains A. E-Tutorial on Deductor Registration and Login (1. Brief Steps for Deductor Registration and Login 2. Important Information on Deductor Registration and Login. 3. Pictorial Guide for Deductor Registration and Login) , B. E-Tutorial on Deductor Forgot User Id (1. Brief Steps : Forgot User ID 2. Important Information on Forgot User ID […]
Article contains Brief Steps for Downloading Form 16, Important Information on Form 16 and Pictorial Guide for Downloading Form 16 and PDF Converter Utility V1.4 L. 1. Brief Steps for Downloading “Form 16”. Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: […]
Article contains Brief Steps for Downloading Form 16A, Important Information on Form 16A and Pictorial Guide for Downloading Form 16A and PDF Converter Utility V1.4 L. 1. Brief Steps for Downloading Form 16A Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: […]