Tag: Income Tax

Finance Minister to launch enhanced single window website for taxpayers

Finance Minister Arun Jaitley will launch an updated version of the existing website of Income Tax Department today to enable taxpayers to file easily their IT returns or apply for… Read more »

CPC (TDS) follow up communication to deductors: Nil TDS Deposited during Financial Year 2014

CPC (TDS) has issued a follow up communication to all deductors regarding nil TDS deposited during FY 2014. It may be possible that either the tax may not have been… Read more »

CPC (TDS) reminds deductors to file TDS statements for Q1, FY 2014-15

CPC (TDS) has issued a reminder communication to all deductors who have filed TDS Statements  for Q1, FY 2013-14 but not filed yet for Q1, FY 2014-15. The issued communication… Read more »

CPC (TDS) reminder for filing, where TDS has been paid, however, Quarterly TDS Statements are not filed

CPC (TDS) has issued a reminder communication for etds filing, where TDS has been paid, however, Quarterly TDS Statements are not filed. CPC (TDS) has observed from its records that… Read more »

CPC (TDS) reminder to report tax deducted against collection of 197 certificates for FY 2013-14

CPC (TDS) has observed that some deductors have not filed TDS Statements for FY 2013-14, despite collecting lower deduction 197 Certificates from their deductees. The CPC (TDS) has issued a… Read more »

FAQ on TDS /TCS statement

      1 Comment on FAQ on TDS /TCS statement

1. 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 »