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 »
Category: TDS certificates
Steps to be taken in case of TDS mismatch
Even if the credit for TDS as claimed in the return matches with the balance as appearing in the Form 26AS, Assessing Officer may still raise a demand for payment… Read more »
Frequently asked question (FAQ) on TDS
What is TDS? TDS means ‘Tax Deducted at Source’. TDS is one of the modes of collection of taxes, by which a certain percentage of amount is deducted by a… Read more »
Issue TDS certificates by 30/07/2014 to avoid penalties
Last date for issuance of TDS/TCS certificates for Q1 of FY: 2014-15 – 30th July, 2014 The above is applicable for deductors other than the Office of the Government Delay… Read more »
Changes in Provisions related to TDS – Budget 2014
Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payments at the specified rates if the payment exceeds specified threshold. The person deducting… Read more »
Amendments in Budget 2014 relating to TDS compliance u/s 40(a(ia)
The disallowance under section 40(a)(ia) of the Act shall be restricted to 30% of the amount of expenditure claimed. Existing provisions: The existing provisions of section 40(a)(i) of the Act… Read more »