Tag: TAN:

TDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissions

CPC (TDS) has issued an advisory communication to all deductors stating that they should not wait for the last moment to submit their TDS statements for 4th quarter of Financial… Read more »

Tips to avoid all types of TDS Defaults

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One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:   Timely Payment of total taxes deducted/ collected Correct Reporting with regard to PANs,… Read more »

Closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards

CPC(TDS) has issued a follow up communication to all deductors regarding closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards…. Read more »

Healthy Practices for Error-Free TDS Returns

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Healthy practices for error – free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data… 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 »