TRACES articles

TDS Certificates in Form 16A & Form 16 authenticated by DSC

Section 203 of the Income-tax Act 1961 read with the Rule 31 of the Income-tax Rules 1962 requires the deductor to issue certificate of tax deduction at source (TDS) to the deductee. The relevant form for such TDS certificate is Form No.16 in case of deduction under section 192 and Form No.16A for deduction under any other provisions of ...

Read More
Posted Under: Income Tax | ,

How to resolve Inconsistencies in TDS/TCS Statements through Correction Statements

When you file your TDS/TCS return, first the details regarding deposit of TDS/TCS made by you is compared with the data given by banks. The data is uploaded by banks on the basis of the TDS/TCS challans received by them. For this purpose, the Challan Identification Number (CIN), TAN and TDS amount as given in your TDS/TCS return is compar...

Read More
Posted Under: Income Tax | ,

Can excess TDS Paid for last FY can be adjusted against current FY

The answer is 'NO' there is no such provisions in the Income tax Act /rules to adjust the same by assesee himself. If the excess is related to perriod up to 31.03.2010 then Assesssee can claim refund of the same as per the provisions of CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011 . Detailed analysis of the same can be ...

Read More
Posted Under: Income Tax | ,

Procedure for Download of Form 16A TDS Certificate

Form 16A PDF Converter Utility. 1. The Form 16A text file is to be passed through the PDF Converter Utility to convert to generate PAN wise Form 16A in PDF format. 2. The PDF Converter Utility is available to registered TANs at TIN. 3. It is available under the option ‘Form 16A’ post login to TAN account. ...

Read More
Posted Under: Income Tax | ,

TDS Certificates – Detailed Discussion

As we all are aware that the TDS return process will consider as incomplete until the Valid TDS certificate has been issued by the deductor. Now if we focus on the word Valid TDS Certificate, it means Form 16/ Form 16A issued by authenticated authority. As on the current date the TRACES have the authorisation […]...

Read More
Posted Under: Income Tax | ,

Registration process for online TDS/TCS return filing & upload

Step by step process of registration for online TDS/TCS return filing and upload 1. First of all, allow the pop-ups in your browser (following is the screenshot of chrome browser). Afterwards, don’t forget to block it again. 2. Now open http://tdscpc.gov.in/ and make login as usual. You will find a link with words “Register at [&helli...

Read More
Posted Under: Income Tax | ,

TDS Deposit and Filing TDS Statement – Do’s & Don’Ts

DOs FOR TDS DEPOSIT AND TDS STATEMENT FILING: 1. Deposit TDS and file statement before due dates to avoid last moment hustle and late payment of Interest and Late Filing Fee Respectively. Note, the due date for filing Form 24Q for Q4 of FY 2019-20 is 31st July, 2020 2. Always double check TAN and […]...

Read More
Posted Under: Income Tax |

3 Tips for those Making TDS payment through multiple challans

For Deductors’ convenience, CPC (TDS) has established processing logic in the system that can accept a Single Challan per month for reporting of Tax Deposited in following circumstances : Situation 1: Where Payment of Tax Deducted is required under ‘different sections‘ of the Income Tax Act, 1961: The CPC (TDS) system gi...

Read More
Posted Under: Income Tax | ,

CPC (TDS) Information Security Advisory to Tax Deductors

Your User ID and Password are the most sensitive information, misuse of which can lead to tampering of confidential TDS related information, your own sensitive data and Deductee related confidential information....

Read More
Posted Under: Income Tax |

How to solve short TDS Payment defaults

Many times after filing of TDS return, Assessee received intimation from TDS CPC for short payment of TDS or in other case, when we try to put conso file request on TRACES, system is showing us the pop up message for short payment of TDS. In such case, many of us got confused as how […]...

Read More
Posted Under: Income Tax |

Process of Online TDS or TCS or Outstanding Demand Payment

Many users get confused regarding online payment of TDS/TCS and same way if there is any outstanding demand against our TAN then how to resolve it. Hence today I come up with this article which wil give you the clarity regarding online payment of TDS and outstanding demand payment. 1. Online TDS/TCS or Demand Payment […]...

Read More
Posted Under: Income Tax |

All about TDS returns

So the due date for filing of TDS return for 4th quarter (Jan 15-Mar 15) is 15th May 2015 which is about to come. As TDS return is required to be submitted electronically in some cases which can be prepared with the help of return preparation utility, to make this cumbersome process an easy one govt. has introduced a TDS Return Preparatio...

Read More
Posted Under: Income Tax |

Due date for filing Revise TDS Return?

On filling income tax return, one of the crucial part is to fill the TDS claim during the relevant financial year which should be match with TDS Credit reflects in Form 26AS. On non-matching of TDS claimed with TDS credit reflected in Form 26AS, demand will be raised by IT department on processing of return under section 143(1) of Income ...

Read More
Posted Under: Income Tax | ,

Online Correction in Form 26QB Challan (TDS on Sale of Property)

The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor. Form 26QB is an internet based PAN challan( minor head 800) containing details of buyer, Sell...

Read More
Posted Under: Income Tax | ,

Register TAN to view Online e-TDS / TCS statement submitted with status

A facility to register TAN online is available on the TIN website (www.tin-nsdl. com). The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. Registration is free. An acknowledgment number will be displayed on successful ...

Read More
Posted Under: Income Tax |

Download TCS Certificates in Form 27D from CPC(TDS) website

CPC(TDS)  provides us with the new feature of downloading Form 27D, the Tax Collection Certificate for Deductees forming part of TCS Statements, filed in the form of 27EQ. Please refer to the following relevant details for the above functionality Form 27D is Tax Collection Certificate in respect of deductees, reported in Form 27EQ Statem...

Read More
Posted Under: Income Tax |

Reason for Mismatch of TDS & Correction Statement

Deductor related reasons : • Non filing of quarterly TDS statements • Omission to include details of challan in TDS statement • Quoting wrong CIN in challan details in the TDS statement • Entering wrong amount in challan details • Quoting of wrong TAN in the challan while remitting the TDS in the bank • Quoting of wrong minor ...

Read More
Posted Under: Income Tax | ,

Online TDS Statement Correction with & without Digital Signature

CPC (TDS) provides with enhanced features, to further add to the convenience of online facility of filing corrections to the TDS Statements. With this feature, you will be able to submit Online Corrections at TRACES without even having a Digital Signature. To avail the facility, it is requested to Login to TRACES and navigate to […...

Read More
Posted Under: Income Tax | ,

NIL TDS intimation to Department

This article is applicable to all persons having the TAN No. (for TDS deduction purposes) Currently, if there is no TDS to be deducted, no action is taken in terms of filing TDS return for the particular quarter. Due to this practice of non-intimation, the Income Tax department has been finding it diificult to differentiate […]...

Read More
Posted Under: Income Tax |

Download of conso files without correcting unmatched challans in TDS statements?

Ques: What is online challan correction? Ans: Online challan correction is a utility introduced by the CPC(TDS) wherein any mismatch in the challans in the statements filed by the deductors can be corrected through the online mechanism on the CPC (TDS) Website itself. ...

Read More
Posted Under: Income Tax | ,

Delay in payment of TDS for One day & 3% Interest

The concept of TDS requires that the person, on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient....

Read More
Posted Under: Income Tax | ,

NIL TDS – File Declaration for Non-filing of TDS statement on TRACES

Many times, we faced this situation where we have TAN but we do not have any transaction for which we need to file any TDS return for that quarter. So in such situation most of people just don’t file return as well as they don’t even intimate regarding this to the department. Due to this […]...

Read More
Posted Under: Income Tax | ,

One TDS challan for Payment Under Different sections & Years

Advisory to deductors making TDS payment through multiple challans in a month As we all are aware that, many times deductors used to pay TDS through multiple challans because of different section under which TDS deducted or the year of two payments are different or there are different deductees. This multiple payment challan is really [&h...

Read More
Posted Under: Income Tax |

Use of single TDS challan for all purposes-Analysis

PC (TDS) Website has made a communication dated 10th Sept’ 2014 in which it has issued advisory for deductors using multiple challans in a month, for payment of Tax Deducted. In this advisory it has discussed the following three key areas- Payment of Tax Deducted under different sections of the Income Tax Act, 1961 Paym...

Read More
Posted Under: Income Tax | ,

How to fill Digital signature supported KYC

As we all know that, whenever we visit TRACES website for any of TDS return related work at that time, we always face this issue that every time for any single process eg justification report or conso file, etc we always need to feel KYC and gone through that lengthy process. Hence now department has […]...

Read More
Posted Under: Income Tax | ,

TDS- How to download Justification report?

Nowadays, nearly every deductor or collector of tax at source is getting default report/Intimation u/s. 154 of I T Act, 1961 from www.tdscpc.gov.in . Those reports/intimation only say that this is the amount of default which may be due to late fees, interest on short payment, interest on late payment etc....

Read More
Posted Under: Income Tax |

How to register TAN online & Request for Consolidated TDS/TCS file

eTutorial - Online TAN Registration and Request for Consolidated TDS/TCS file from TIN - Download Step by step guideline on how to register your TAN and How to Request for Consolidated TDS/TCS file from TIN in power Point Presentation Format...

Read More
Posted Under: Income Tax | ,

How to Download TRACES PDF Utility & convert text file into PDF

Article explains How to Download TRACES PDF Generation Utility, Procedure to install TRACES PDF Generation Utility and Procedure to convert text file into PDF. Article also provides link from where such Utilities can be downloaded. Article explains how TRACES PDF Generation Utility should be used to convert text file for Form 16 / 16A int...

Read More
Posted Under: Income Tax | ,

How to open password protected files of Income Tax and TDS

Article explains the password combination for Opening ITR-V/Acknowledgement, Form 26AS, Any Intimation/Order and TDS Provisional Receipt/Acknowledgement and for extracting TDS Justification Report, Conso File, TDS Certificates ZIP File and 26AS ZIP File....

Read More
Posted Under: Income Tax | ,

File Your TDS Statement by 31st January 2020

As we all are aware that the due date of TDS return filing is coming closer for 3rd Quarter i.e. 31st January, 2020 for FY 2019-20. Hence this article is kind of reminder for all taxpayers to be compliant this time towards filing of return within due date to avoid unnecessary interest and late fees. […]...

Read More
Posted Under: Income Tax |

Refund of TDS to TDS Deductor & Interest on TDS refund

We always noticed that whenever there is a topic of refund in discussion most of the people talk about Income Tax Refund or GST refund but hardly anybody is concern about TDS refund. Some people even not aware about TDS refund. Hence today I am writing this article on TDS refund, what are the related […]...

Read More
Posted Under: Income Tax | ,

How to resolve “Error in establishing connection with TRACES Websocket Esigner” on TRACES?

You might be facing issues with the Emsigner on TRACES, In this article I made an attempt to give 100% solution for this issue. The most common error while signing/validating with DSC on TRACES is “Error in establishing connection with TRACES WebSocket Esigner. Please ensure that WebSigner Setup is installed and service is running on [&...

Read More
Posted Under: Income Tax |

Guidelines for Income Tax Deductees- ensure you have correct tax credit!

Tax deductee is a person who receives certain prescribed payments like salary, interest, commission, brokerage, rent etc. after deduction of tax at source...

Read More
Posted Under: Income Tax |

How to download consolidation and justification file from TRACES

How to download Consolidation and Justification file of TDS return through Traces: TDS defaults on traces comes when if we have done mistake in filing return like short payment, short deduction, late filing penalty, late correction interest, & other interest. We can check default status after some day of filing the TDS return on TRACE...

Read More
Posted Under: Income Tax |

Request for Nil/Lower Deduction/Collection Certificate (Form 13) Offline Mode

Article explains Process for making Request for Nil/Lower Deduction/Collection Certificate (Form 13) in Offline Mode for Resident (Covered under Rule 28AB of Income Tax Rules, 1962) and Resident (Not Covered under Rule 28AB). It further explains  Important information on Offline “Request for Form 13, Brief Steps of Offline Request for ...

Read More
Posted Under: Income Tax |

What to do if you receive a Income Tax Notice?

After receiving the tax returns, the tax authorities examines the returns filed and if due to any reason they believe that information submitted by an assesee is wrong or incomplete then the assesee is served with a notice demanding justifications/ penalty or any action as stated by the department in the notice so served. There […]...

Read More
Posted Under: Income Tax |

E-Tutorial – TDS on Rent of Property (Form 26QC)

Article contains E-Tutorial on Form 26QC Correction which includes Important Information for 26QC Correction, Brief steps for 26QC Correction, Description for Requested Status of 26QC Correction, Pictorial guide for 26QC Correction, Procedure for 26QC Correction with E-verify (Internet Banking), Pictorial guide for 26QC Correction with E-...

Read More
Posted Under: Income Tax |

E-Tutorial on Request for 26QB Refund

Taxpayer can apply for 26QB refund from Assessment Year 2014-15 onwards. It is mandatory to validate the details by digital signature on TRACES to submit the Refund Request. Maximum refund amount will be the available challan balance. Article explains  Important Information of 26QB Refund Request,  Brief Steps of 26QB Refund Request and...

Read More
Posted Under: Income Tax |

Password Format for TDS / TCS Deductor/Collectors & Taxpayers

Article explains Passwords for TDS / TCS Deductor/Collectors and Taxpayers related to Registration, Conso File, Justification Report, Form 16/16A/27D/TBR, Intimation received through Email, Form 26AS and Form 16B. Passwords for Deductor Functionality Password Example Registration Password must contain a minimum of 8 alpha numeric characte...

Read More
Posted Under: Income Tax |

How to Clear Browser cache memory in Internet Explorer, Chrome & Mozilla

Important Information : Step to Clear Browser cache memory While trying to login to TRACES, user gets error message: Request resource could not be found Or Site is down due to planned maintenance While doing KYC , site is not proceeding further to next step and no Error message is displayed . User logs-Out successfully […]...

Read More
Posted Under: Income Tax |

TRACES Tutorial for PAO on Registration, Login, Password, View AIN, TAN Mapping

Article contains Tutorial for PAO on Registration and Login on TRAQCES portal,  How to retrieve Password if you forget the same on TRACES Portal, How to view Dashboard & Profile, PAO – Statement Status for a TAN and View AIN – TAN Mapping. A. E -Tutorial PAO Registration and Login PAO Registration –Step 1 PAO […]...

Read More
Posted Under: Income Tax |

Request for Nil/Lower Deduction/Collection Certificate (Form 13)

Article explains how to Request for Nil/Lower Deduction/Collection Certificate (Form 13) by Resident (Covered under Rule 28AB of Income Tax Rules, 1962), Resident (Not Covered under Rule 28AB of Income Tax Rules, 1962), Non Resident and Non Ordinarily Resident. Article also explains about Form 13 Submission with Mobile OTP. It further inc...

Read More
Posted Under: Income Tax |

E-Tutorial – 26QC Statement Cum Challan- Default Summary

Article contains Important Information to view Default Summary Form of 26QC , Brief Steps to View Default Summary of Form 26QC and Pictorial Guide to View Default Summary of 26QC. 1. Important Information to view “Default Summary”of 26QC. Default summary consists detailed information about the defaults in “26QC Statement Cum Challan...

Read More
Posted Under: Income Tax |

E-Tutorial – 26QC Justification Report

E-Tutorial contains  Important Information for Form 26QC- Justification Report, Brief Steps for 26QC- Justification Report and  Pictorial Guide for 26QC- Justification Report. 1. Important Information on “26QC- Justification Report ”. Only Tenant registered on “TRACES” can submit request for Justification Report. Request for Dow...

Read More
Posted Under: Income Tax |

How deductee can Verify TDS certificate on TRACES

E-Tutorial explains Important Information on How to Verify TDS Certificate, Brief Steps for Verifying TDS Certificate and Pictorial Guide  on how to Verify TDS Certificate for Deductee. 1. Important Information on “Verify TDS Certificate”. Deductee can verify TDS Certificate (16/16A) with the help of “Verify TDS Certificate” opti...

Read More
Posted Under: Income Tax |

How to Download Form 16C- TDS on Rented Property

Article explains  Important Information to Download Form 16C from TRACES Website, Brief Steps to Download Form 16C and Pictorial Guide to Download Form 16C. 1. Important Information to “Download Form 16C” Request for Downloading Form 16C (TDS on Rented Property ) can only be submitted when 26QC Statement Cum Challan is processed. “...

Read More
Posted Under: Income Tax |

How to check Total Outstanding Demand of TDS / TCS

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, &#...

Read More
Posted Under: Income Tax |

How to pay Online TDS/TCS/Demand payment with Challan ITNS 281

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 Ch...

Read More
Posted Under: Income Tax |

Recent Changes in Form 24Q- Annexure II & Form 16 – Part B

Recent Changes in Form 24Q – Annexure II & Form 16 – Part B A. Need of the hour – Brief about the change THE REVISED ANNEXTURE II will lead to: > Availability of complete detailed breakup of Income, various tax deductions & exemptions claimed > Pre filling of ITRs > Check on false claims […]...

Read More
Posted Under: Income Tax |

How to download 26QB- Justification Report from TRACES

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 ...

Read More
Posted Under: Income Tax |

All about Digital Signature Registration on TRACES

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 ...

Read More
Posted Under: Income Tax |

How to Raise Request for Resolution’ & Track on 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 ...

Read More
Posted Under: Income Tax |

26QB Correction – Using E-Verification (Net Banking)

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...

Read More
Posted Under: Income Tax |

Generation of Form 16 Part B from TRACES

09/2019 (06/06/2019)

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 […]...

Read More
Posted Under: Income Tax |

Procedure for Online Second time Correction in Form 26QB on TRACES

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 ...

Read More
Posted Under: Income Tax |

Procedure for Online Correction in Form 26QB on TRACES

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 fo...

Read More
Posted Under: Income Tax |

How to Resend Activation Code on TRACES during registration

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 Mobil...

Read More
Posted Under: Income Tax |

How to download Aggregated TDS Compliance Report

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 leve...

Read More
Posted Under: Income Tax |

How to Download Form 26AS

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...

Read More
Posted Under: Income Tax |

How a NRI Taxpayer can Register on TRACES Portal

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 r...

Read More
Posted Under: Income Tax |

E-Tutorial on How to Download Form 16B from TRACES Website

Article explains How to Download Form 16B from TRACES Website. Form 16B is a TDS Certificate which reflects that the amount deducted as TDS on Property by the Buyer has been deposited with the Income Tax Department. At the time of sale of immovable property, the buyer is required to deduct TDS on Property @ […]...

Read More
Posted Under: Income Tax |

Procedure of Converting Form 26AS Text File to Excel File

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: […]...

Read More
Posted Under: Income Tax |

Tax Payer Forgot Password of TRACES – How to Retrieve

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 disp...

Read More
Posted Under: Income Tax |

How to Register as New User-Taxpayer on TRACES

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...

Read More
Posted Under: Income Tax |

Declaration for Rectification of PAN Errors / Default in Original Statement

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 me...

Read More
Posted Under: Income Tax |

How to Download Intimation from TRACES Inbox

Important Information on Default Intimation Only TRACES Registered users can see this Default Intimation functionality. Deductor can check the intimation in Inbox option of Communication tab.There are two tab Action Required and General Awareness (no action required) after click on Inbox Tab. User need to check Action Required for downloa...

Read More
Posted Under: Income Tax |

Request for 26A/27BA for Non TDS Deduction/ TCS Collection Transactions

Article explains  Important Information on Request for 26A/27BA for Non Deduction/ Collection Transactions, Brief steps on Request for 26A/27BA for Non Deduction/ Collection Transactions, Status of Request for 26A/27BA for Non Deduction/ Collection Transactions, Common Rejection Reasons of Request for 26A/27BA for Non Deduction/ Collecti...

Read More
Posted Under: Income Tax |

How to submit Online Lower TDS Deposited Declaration

Brief Steps : Lower TDS Deposited Declaration Due to various reasons there could be a reduction in TDS deduction in the current period as compared to the deduction made in the previous period. In that case Centralized Processing Cell (TDS) has enabled deductor to share relevant reasons for  Lower Deduction and/or Lower Payment. Below are...

Read More
Posted Under: Income Tax |

How to raise online request for TDS Refund

1. Important Information to raise request for TDS Refund. Deductor can apply for TDS refund from FY 2007-08 onwards. It is mandatory to register digital signature on TRACES to submit the Refund Request PAN of Deductor should be same as per TAN Master and TRACES profile and should be non blank. A refund request consists […]...

Read More
Posted Under: Income Tax |

All about OLTAS Challan Correction by TDSCPC

Important Information on OLTAS Challan Correction OLTAS Challan Correction is the functionality provided by TDSCPC to the deductor for correction of the Unclaimed and Matched Challans . Assessing Officer approval is not required if OLTAS Challan Correction is made through website for change in the following fields mentioned below : Financ...

Read More
Posted Under: Income Tax |

Online Correction –Movement of deductee row in TDS/ TCS Challan

Brief Steps for Online Correction –Movement of deductee row This feature enables deductor to move deductee rows from one challan to another challan having balance in correction statement For example 1 -If Challan 1 gets overbooked by Rs. 10000 and challan 2 is available with balance of INR 10000 or more, Deductor can easily move [&helli...

Read More
Posted Under: Income Tax |

Online Correction -Add / Modify Deductee Detail on TRACES portal

Brief Steps for Online Correction –Add / Modify Deductee Details on TRACES portal This feature enables deductor to Add/modify deductee details:- √ If deductor wants to make modification in deductee details √ If deductor wants to add new deductee row against a challan with available balance This functionality is available from F.Y 20...

Read More
Posted Under: Income Tax |

How to TAG/ Replace TDS / TCS Challan on TRACES

1. Important Information on Tag/Replace challan on TRACES Website This feature is extremely useful as it is : Demand/ Penalty raised by AO can be closed through Tag/Replace challan. List of challans with available balance will reflect on the screen shows as per the following rules: √ Only Unclaimed and partially claimed challans will be...

Read More
Posted Under: Income Tax |

How to check TDS/TCS Challan status in case Challan is Unclaimed or Claimed

Important Information on Challan Status – Deductor can check Challan status in case Challan is Unclaimed or Claimed. – Please Click on View your BINFor BIN details prior to FY 2013-14 – Deductor can check Challan status using BIN details or CIN details. – Deductor have two option taxguru.in  for check Challan Stat...

Read More
Posted Under: Income Tax |

How to Download & Install TRACES Web Socket Emsigner

1. Web Socket emSigner – Introduction 2. Guide to Download and Install Web Socket Emsigner. Requirements for Using Digital Signature Functionality. Requirement for using Digital Signature functionality on Google Chrome browser and Mozilla Firefox browser: TRACES Web Socket Emsigner solution works best only on Google Chrome and Mozil...

Read More
Posted Under: Income Tax |

How to do Digital Signature Supported KYC Validation on TRACES

Important Notes Pre-requisite: -Digital Signature of user should be register on TRACES to use the functionality. -Either DSC should be installed in the browser or e-Mudhra dongle/hard token USB protection device should be plugged in. With the help of Digital Signature supported KYC validation Deductor can avoid multiple KYCs . With Digita...

Read More
Posted Under: Income Tax |

E-Tutorial- PAN Verification & Consolidated TAN-PAN File

Important Information : PAN Verification & Consolidated TAN-PAN File The TAN-PAN master is an excel file containing the list of Valid PANs mentioned for a particular Financial year, Quarter and Form Type The deductor before filing any statement can download this file for any previous Financial year and check for the validity of PANs o...

Read More
Posted Under: Income Tax |

How to submit Declaration of Non filing of TDS Statement

Important Information on Declaration of Non filing of Statement ♣ If a Deductor is not required to file statement for a particular period, then, Intimation or Show Cause notice from the Department can be avoided by giving Non Filing declaration ♣ Non Filing Declaration is implemented from Financial Year 2013-14 onwards ♣ It is requi...

Read More
Posted Under: Income Tax |

How to edit deductee details in unmatched TDS/TCS challans

Brief Steps for Online Challan Correction- Edit deductee details in unmatched challans This feature enables deductor to Edit deductee details in unmatched challans , this Functionality is available from FY 13-14 onwards only if Digital Signature Certificate is registered at TRACES website Step 1 : Login to TRACES Step 2 : Go to “Request...

Read More
Posted Under: Income Tax |

How to View Status of Regular & Correction TDS/ TCS statement filed

Important Information on Statement Status ♣ For Donwloading Form 16/16A, Consolidated file, justification Report, etc. and for filing Online correction, it is important that relevant statement should be processed. ♣ Statement Status can be viewed only after Login into TRACES by deductor ♣ Statement status will help Deductor to check...

Read More
Posted Under: Income Tax |

How to Install / Register Digital Signature Registration on TRACES

Steps of Installation of Install Digital Signature certificate PFX file/Hard Token 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 are allowed for the purpose of registration on TRACES. ♣ TRACES sup...

Read More
Posted Under: Income Tax |

How to Request for Resolution under Online grievances module on Traces

Important information on Request for resolution Only registered Deductor can avail the facility of Request for Resolution under Online grievances module. Request for Resolution can be raised from FY 2007-08 onwards Deductor can upload the relevant documents along with the query Status of Tickets Open–Ticket is with TDS CPC and will be ...

Read More
Posted Under: Income Tax |

How to validate Section 197 & 195(3) Certificate from Traces

E-Tutorial 1. Important Information for Validation of 197/195(3) Certificate. 2. Brief steps for Validation of 197/195(3) Certificate. 3. Pictorial guide for Validation of 197/195(3) Certificate. 1. Important Information for “Validation of 197/195(3) Certificate.” Deductor can validate 197 & 195(3) Certificate from TRACES. This fa...

Read More
Posted Under: Income Tax |

Online Correction of Personal Information in TDS / TCS Statement

Brief Steps for Online Correction-Personal Information This feature enables deductor to update his Personal Information in the statement. ‘Personal information’ should be updated with the latest information of the deductor. This is important as all the communication from TRACES will be done on the information available in the ...

Read More
Posted Under: Income Tax |

e-Tutorial Online Correction –Pay 220, Interest, Levy, Late Filing

Brief Steps for e-Tutorial Online Correction –Pay 220, Interest, Levy, Late Filing ♠ This feature enables deductor to set off Interest, Late filing default ♠ For example, If deductor wants to set off Interest and late filing default with a challan having available balance which is already there in the statement. Deductor can pick th...

Read More
Posted Under: Income Tax |

Online Pan Correction in TDS/ TCS Statement

Important Information on Online Pan Correction in TDS/ TCS Statement All type of corrections like Personal information, Deductee details and Challan correction can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :...

Read More
Posted Under: Income Tax |

e- Tutorial on Online TDS / TCS Challan Correction

Important Information on Online Correction of TDS / TCS Challan All type of corrections like Personal information , Deductee details and Challan correction can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRAC...

Read More
Posted Under: Income Tax |

Online Correction- Add/delete salary details in TDS/TCS Statement

Important Information on Online Correction- Add/delete salary details All type of corrections like ‘Personal information, Deductee details and Challan correction’ can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction. This feature is extremely useful as it is ...

Read More
Posted Under: Income Tax |

How to add Challan to TDS / TCS statement Online

Important Information on Online Correction All type of corrections like “Personal information , Deductee details and Challan correction” can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRACES does not cha...

Read More
Posted Under: Income Tax |

Online Correction Resolution for Overbooked TDS/TCS Challan

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 Correcti...

Read More
Posted Under: Income Tax |

How to Download Section 197 Nil or Lower rate deduction Certificate

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), Proc...

Read More
Posted Under: Income Tax |

How to Download Form 27D and 27D PDF Converter Utility

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...

Read More
Posted Under: Income Tax |

How to Download Transaction Based Report of TDS/TCS Statement

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 Ye...

Read More
Posted Under: Income Tax |

How to download Utilities available on TRACES

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 [&hell...

Read More
Posted Under: Income Tax |

Traces PDF Generation Utility to convert Form 16 / 16A text files into PDF

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 ̵...

Read More
Posted Under: Income Tax |

How to Register, Login, Retrieve user ID/ Password & Resend Activation Codes on TDS website

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...

Read More
Posted Under: Income Tax |

How to download Form 16 & PDF Converter Utility

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 ...

Read More
Posted Under: Income Tax |

How to download Form 16A & PDF Converter Utility

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: [&he...

Read More
Posted Under: Income Tax |

How to Download Conso file of TDS/TCS Statements (regular & correction)

Brief Steps for Downloading of Conso file ♠ Conso file is a consolidated data of the TDS / TCS  statements that are processed (regular and correction) for the relevant financial year, quarter and the form type ♠ Please check statement status under “Statement /Payment Tab” before raising the request for Conso file . Request for [&...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (5,054)
Company Law (6,720)
Custom Duty (8,088)
DGFT (4,389)
Excise Duty (4,412)
Fema / RBI (4,453)
Finance (4,699)
Income Tax (35,143)
SEBI (3,759)
Service Tax (3,628)

Search Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031