FAQ on TDS /TCS statement
1. Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS… Read more »
Category: TAN
CPC (TDS) mandates closure of Short Payment Defaults in the quarterly TDS statements
The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of Short Payment defaults in the quarterly TDS statements due to Unmatched Challans, before… Read more »
CPC (TDS) communication for payment of outstanding Short Payment Defaults
According to CPC (TDS), there are outstanding short payment defaults for TDS statements filed by deductors. The letter issued by CPC (TDS) to deductors in this regard is given as followed:… Read more »
Top queries related to registration in TRACES
When I provide my TAN and Token Number, I get the message ‘Invalid details’. Why? Token Number (Provisional Receipt Number) provided must be of any accepted Regular statement filed by… Read more »
Points to remember before filing the quarterly TDS statement
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 »
Flag raised for 15G/H despite Income exceeding the amount of exemption
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 »