Category: Traces

Useful guidelines to avoid common mistakes while submitting TDS Statements

Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »

TDS/TCS Return – Online Filing

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Steps for filing TDS/ TCS Return online: Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified in… Read more »

Form 26A/27BA – Rationale and Brief Analysis

What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of default of Non Deduction/Collection Transaction… Read more »

TDS Returns – March 2020 Quarter – Date Extended

As per the gazetted notification issued by Govt. of India, all due dates, prescribed or notified under the Income Tax Act, which will falls during the period – 20th March 2020… Read more »

Steps for requesting Form 16

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The procedure for requesting Form 16 from TRACES website has been given below: Since FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of… Read more »

TDS & TCS Rate Chart (FY: 2020-21 / AY: 2021-22)

    TDS RATE CHART FY: 2020-21 (AY: 2021-22) Section Nature of Payment  Threshold Indv/ HUF Others     Rs. TDS Rate (%) 192 Salaries  –  Avg  – 192A Premature… Read more »