Types of Corrections in TDS Returns
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details… Read more »
Tag: Correction Statements
Correction Statements: Limited to the Last Six Years
Starting from 1st April 2025, a significant change is being introduced regarding the filing of Correction Statements. Under the current provisions, taxpayers have the flexibility to file correction statements for… Read more »
TDS / TCS – Changes w.e.f. 1st April 2025
1. Section 194D – Payment related to Insurance Commission The TDS @2% would apply on Section 194D – Payment related to Insurance Commission, till 31st March this was 5%. The… Read more »
Invalid / Not Available PANs reported consistently while submitting TDS Statements – CPC(TDS)
CPC(TDS) has issued a reminder communication to all deductors regarding invalid/non available PANs. The issued communication has been given below: Dear Deductor, CPC(TDS) has observed from its records that you have… Read more »