Tag: TDS Statements

Defaults in Quarterly TDS Statements exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16

CPC (TDS) has released a follow up communication to all deductors regarding defaults in quarterly TDS return exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16. The released communication… Read more »

Tips to avoid defaults in TDS Statements

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

Defaults in Quarterly TDS Statements exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16

CPC (TDS) has released a follow up communication to all deductors regarding Defaults in Quarterly TDS return exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16. The released communication… Read more »

FAQ on Online Correction

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What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the various facilities available through online… Read more »

Guidelines to avoid common mistakes while submitting TDS Statements

Following are some useful guidelines to avoid common mistakes, while submitting TDS return: Incorrect reporting of 197 Certificates: Please refer to the following guidelines for correct reporting of 197 Certificates:… Read more »