Finance Act, 2003 amended section 206 of Income Tax Act, 1961 to make it mandatory for corporate deductors to furnish their TDS returns in electronic form (eTDS returns). The scheme… Read more »
In the case of pensioners who receive their pension from a nationalized bank, the instructions contained in this circular shall apply in the same manner as they apply to salary… Read more »
Form 26B for online request for refund of excess TDS deposited has been enabled on TRACES. To apply online, please login to TRACES After Logging, deductors can navigate to Statement… Read more »
TDSCPC.GOV.IN has provided a facility to check the Challan Status Query vide which it can be checked that has there any challan not claimed by deductor in the particular Financial… Read more »
Section 203A of the Act makes it obligatory for all persons responsible for deducting tax at source to obtain and quote the Tax deduction and collection Account No (TAN) in the challans, TDS-certificates, statements and other documents. Detailed… Read more »
e-TDS return has to be prepared in accordance with the file format prescribed by the Income Tax Department. NSDL has provided free downloadable utility at http://tin-nsdl.com for the purpose of preparation of e-TDS return. Alternatively, various… Read more »