Category Archives: PAN

Different matching statuses in Form 16 / Form 16A

Following are different matching statuses in Form 16 / Form 16A: U – Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will… Read more »

Payment of taxes -Do’s & Dont’s

      1 Comment on Payment of taxes -Do’s & Dont’s

Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS… Read more »

FAQ on Online Correction

      No Comments on FAQ on Online Correction

What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the various facilities available through online… Read more »

Healthy Practices for Error-Free TDS Returns

Healthy practices for error-free TDS returns has been given below:  Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to… Read more »