Income Tax : Facing tax-related issues? Learn how to resolve grievances effectively as a Deductor on the TRACES website. Step-by-step guide for...
Income Tax : Learn how to file and track tax-related grievances on TRACES website. Find out categories available, steps to raise a request, and...
Income Tax : Learn how to resolve grievances as a deductor on TRACES website. Follow these steps for resolution, tracking, and online correctio...
Income Tax : Online correction on TRACES is not enabled for the requested statement. Kindly file correction through NSDL and the subsequent cor...
Income Tax : Sometimes you may be facing Error occurred while DSC registration. Please try after One day. while registering DSC on the TRACES. ...
Income Tax : TDS CPC has been one of the successful projects of the Government for online tracking of the Tax deducted, deposited, corrections...
Income Tax : Advisory for Deductors 1. Deductors deduct tax at lower rate on payment/credit to deductee on production of certificate duly issue...
Income Tax : Attention Deductors: The Online Correction functionality with enhanced features has been enabled “without Digital Signature&...
Income Tax : Attention Deductors: The Online Corrections facility is currently live only with Digital Signatures and the facility without the s...
Income Tax : CPC (TDS) is committed to contribute effectively in the nation building process through efficient tax administration and improved ...
Income Tax : It is not disputed that tax was deducted at source by the tenant Union Motors Services Limited and they have issued some Certifica...
Income Tax : Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D for grant of certificate for no-deducti...
Income Tax : CBDT notidfies Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction an...
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 […]
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 […]
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 Preparation utility (RPU) which can be downloaded from the site easily.
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 Tax Act. Further, interest under section 234B & C is also added up in the aforesaid demand.
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, Seller, property being sold, sale consideration, tax deposit details etc.
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 registration. This acknowledgment number is to be kept securely. In future user id / password will be provided to the deductors who have successfully registered.
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 Statements. Please […]
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 head in the challan while remitting the TDS
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 […]
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 […]
