Category: TDS Circulars

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 »

CPC(TDS) Advisory Communication regarding “Aggregated TDS Compliance” at Organization’s PAN Level

CPC (TDS) has issued a letter to all deductors with information regarding the release of new feature Aggregated TDS Compliance at Organizations PAN level. The letter produced is here as under:… Read more »

Tips to avoid defaults in TDS Statements

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One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:    Timely Payment of total taxes deducted/ collected Correct Reporting with regard to… Read more »

Dealing with demand notice for late TDS returns

Businesses especially small and medium scale has been badly hit by demand notices from Income Tax Department for payment of fees for late filing of TDS returns. Actually with effect… Read more »

CBDT optimist on Standard Operating Procedure – Urges taxpayers to file rectification request for TDS mismatches

SECTION 139D OF THE INCOME-TAX ACT, 1961 – FILING OF RETURN IN ELECTRONIC FORM – EXTENSION OF FACILITY TO TAXPAYERS TO VERIFY IF DEMAND IN THEIR CASE IS DUE TO… Read more »

One time relief for Government deductors for late fees

The due date to file TDS/TCS statement for government deductors has been extended by the CBDT for the following financial years:       (i) FY 2012-13 – 2nd to 4th Quarter… Read more »