Online TDS/TCS/Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan ITNS 281: 1. Tax Applicable… Read more »
Tag: TCS statement
Lower Deduction / No Deduction of Tax from Salary
The Certificate for lower or no deduction of tax from salary is to be provided by the Assessee Officer on basis of application made by the deductee or employee. If… Read more »
FAQs on Correction Return Preparation more than once on the same Regular Return
How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS return can be furnished many times to make changes in the regular TDS/TCS return where as a… 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 »
Steps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of… Read more »
Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U – Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will… Read more »