Given below are the points one should remember before filing quarterly TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to… Read more »
Addition of New State code for TELANGANA. New State code 36 for TELANGANA has been added. Applicability of FVU version: From June 28, 2014, FVU version 4.3 would be mandatory… Read more »
What is Form 26AS? It is a form issued under Rule 31AB, wherein the following information in relation to a PAN is published: TDS – Part A & A1 of… Read more »
CPC(TDS) has observed from its records that Flag “B” (for 15G/H Forms) has been wrongly raised in the quarterly TDS Statements. CPC(TDS) has issued a letter to all deductors in… Read more »
With effect from June 1, 2014, Deductors/Collectors need not submit copy of Provisional Receipt of original statement and Statement Statistics Report (SSR) for furnishing e-TDS/TCS correction statement. Income Tax Department… Read more »
CPC(TDS) has observed from its records that many deductors have reported deductees with invalid PANs in the quarterly TDS statements. These PANs appear structurally valid but they are invalid. CPC(TDS)… Read more »