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Important information for downloading of TDS Certificates

Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961:

Downloading of TDS Certificates from TRACES made mandatory:   

In this regard, your attention is invited to the CBDT circulars 04/2013 dated 17.04.2013, No. 03/2011 dated 13.05.2011 and No. 01/2012 dated 09.04.2012 on the Issuance of certificate for Tax Deducted at Source in Form 16/16A as per IT Rules 1962. It is now mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (hereinafter called TRACES Portal).

TDS Certificates downloaded only from TRACES hold valid: 

In view of above circulars, it may kindly be noted that the TDS Certificates downloaded only from TRACES Portal will be valid. Certificates issued in any other form or manner will not comply to the requirements referred in the Income-tax Act 1961 read with relevant Rules and Circulars issued in this behalf from time to time.

Due Date for downloading and Penalty for non-compliance: 

Please be advised that under the provisions of section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source. Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.

Assistance for downloading TDS Certificates from TRACES: 

You can logon to TRACES portal and refer to TRACES e-Tutorial to download TDS Certificates. For any further assistance, you can also write to or call our toll-free number 1800 103 0344.


I-T dept to bring one crore new people under tax net this fiscal

The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official to achieve the target within the current financial year. As part of the government’s initiative to broaden the base, the Central Board of Direct Taxes (CBDT), apex policy making body, this week activated all field formations of the department to achieve the goal.

The order issued by CBDT has laid down region-wise targets. Maharashtra’s second largest urban centre Pune, leads the list with the target of about 1,014,000 new assessees, north-western states of Jammu & Kashmir, Himachal Pradesh, Punjab and Haryana about 9,30,000 new assessees, and the newly bifurcated states of Andhra Pradesh and Telangana will have to contribute 7,93,000 new taxpayers. Similarly, Gujarat region has been given a target of getting 7,86,000 taxpayers, Tamil Nadu 7,64,000, West Bengal and Sikkim 6,91,000, and Mumbai region 6,23,000 assessees. The target for the national capital has been set at 5,32,000 new assessees.

The department has  18 regions for purposes of collection of revenue under the major heads of I-T, wealth tax, and advance tax for large entities like corporates. The board has also communicated that it should adopt a multi-pronged strategy to achieve this ‘not-so-easy’ target by holding meetings with trade associations and professional bodies and obtaining data on under-reporting assesses through technical and human intelligence. The strategy in this regard was mooted and formally launched in May this year when CBDT told the department about the government’s desire to have at least 25,00,000 new assessees each month from across the country.

Source: Business Standard


Reasons for rejection of correction statement by TDSCPC

Following are the common reasons for rejecting a correction statement:

  • TAN is not valid as per data at TDSCPC
  • Statement corresponding to regular token number / previous token number field, as given in correction return, does not exist
  • Previous token number does not correspond to the last accepted correction statement at TDSCPC
  • Correction is filed for a regular return which is in cancelled state
  • In a correction statement, below are the verification keys which should match with the corresponding fields of regular statement :
    • RRR assessment year
    • Return Financial Year
    • Periodicity
    • Previous Token number
    • Last TAN of Deductor
    • Receipt number of Original / Regular Return
    • Form number
  • Sum given in 27A form should match with the sum of deducted amount of deductee records given in the correction statement



Processing of statements might take 7 to 10 working days from date of filing

The following information has been displayed on TRACES website:

Considering peak statement filing time, processing of statements might take 7 to 10 working days from date of filing. 97% of the statements filed till 13th Jul 2015 have been processed for 26AS.

Please wait for 24 hours after receiving a communication to submit Online Corrections at TRACES. 

Please resubmit the request for offline correction file again if previously submitted request status is now Failed.

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