Category: TCS

Tax Collected at Source

Clarification by TRACES on Challan Date

      3 Comments on Clarification by TRACES on Challan Date

TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards some relevant guidelines related to… Read more »

Things to be done on receipt of demand notice u/s 234E Late Filing

What should One do on receipt of demand notice u/s 234E Late Filing? The default amount will have to be deposited through challan no. 281. Download conso file from TRACES… Read more »

How will transactions of more than one buyer/seller be filed in Form 26QB – TDS on immovable property?

1)How many Form no: 26 QB should be filled online if Immovable Property is purchased by two buyers from two sellers i.e. one sale deed / agreement is in the… Read more »

Procedure for filing eTDS/TCS Returns with Insufficient Deductee PAN

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 »