Tag: TDS

CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month

CPC (TDS) has issued an advisory communication to deductors stating about the establishment of  processing logic in the system that can accept a Single Challan per month for reporting of… Read more »

CPC (TDS) follow up for closing Short Payment Default due to Insufficient Challans

CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults with respect to TDS Statements filed by deductors.  The Short Payment Defaults are due to “Insufficient… Read more »

Impact & action to be taken in case of PANs either “Not Available” or “Invalid” in Quarterly TDS statements

Centralized Processing Cell (TDS) has observed from its records that though deductors have reported deductees with more than Rs. 50,000 of TDS in Quarterly TDS statements, but the PANs are… Read more »

TDSMAN updated with FVU ver. 4.5 & FVU ver. 2.141

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TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.5 and FVU ver. 2.141). All licensed and trial users are advised to update the software… Read more »

CPC (TDS) follow up for Registration on TRACES

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CPC (TDS) has issued an advisory communications to the deductors in which it has stated that the deductors has filed tds statements for different quarters but they have not yet… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »