Tag: CPC-TDS

Advisory regarding Lower Deduction Certificate for Deductor(s)

Advisory for Deductors Deductors deduct tax at lower rate on payment/credit to deductee on production of certificate duly issued by assessing officers under section 197. Deductors quote such certificate number… Read more »

Basic principles of TDS Compliance

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The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting of data related to tax… Read more »

“Self-declaration” facility for Lower TDS Deposited During the Quarters

CPC TDS has released a “Self Declaration” feature on web-portal TRACES with respect to Lower TDS deposited during a Quarter/s to facilitate the deductors to share the reasons for reduction… Read more »

Simplification of procedure for Form No.15G & 15H -regarding

F. No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16/14425-556 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 4/2015 New Delhi, 1st of December 2015 Subject:… Read more »

Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)

CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been given below: Dear Deductor (TAN-… Read more »