Category: CBDT

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

An important information regarding TDS statement has been displayed at TRACES website which states as follows: Considering peak statement filing time, processing of statements might take 7 to 10 working… Read more »

TDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissions

CPC (TDS) has issued an advisory communication to all deductors stating that they should not wait for the last moment to submit their TDS statements for 4th quarter of Financial… Read more »

Common Errors in TDS Returns – Be careful

Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »

Different statuses available on TRACES regarding TDS / TCS statement

Below are the Different statuses available on TRACES regarding TDS / TCS statement Following processing status shall be displayed for regular statement: Pending for Processing Processed for Form 26AS Processed… Read more »

Requirement for obtaining evidence/ particulars by employer for TDS -Section 192

Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed. There is… Read more »