Tag: Correction Statement

Frequently Asked Questions (FAQ) on Filing of TDS / TCS statement

Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS /… Read more »

Reasons for rejection of correction statement by TDSCPC

Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number / previous token number field,… Read more »

Reasons for rejection of correction statement by TDSCPC

Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number / previous token number field,… Read more »

CPC (TDS) Advisory to Deductor for Closure of Late Payment Interest defaults in Quarterly TDS Statements

CPC (TDS) has issued an advisory communication in which it has stated about the closure of late payment interest defaults in quarterly TDS Statements. It has requested the Principal Officer,… Read more »

CPC (TDS) communication for payment of outstanding Short Payment Defaults

According to CPC (TDS), there are outstanding short payment defaults for TDS statements filed by deductors. The letter issued by CPC (TDS) to deductors in this regard is given as followed:… Read more »

CPC automates default identification process in respect of TDS statements

The Centralized Processing Cell (TDS) automated the Default identification process in respect of TDS statements submitted. CPC (TDS) has highlighted the need for correct and complete reporting of data in the… Read more »