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 »
Tag: Traces
FAQ on Late TDS payment
What is the Late payment interest? When deductor deposits the TDS after due date of deposit, it is a case of late payment and interest will be charged accordingly. What… Read more »
Steps for Preparing Correction Returns
Steps Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections Generate the correction return Submit… Read more »
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
CPC(TDS) reminder communication to Banks: Closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 to Financial Year 2016-17 (Q3)
Date of communication: 19/04/2017 The Principal Officer Name: XXXXXXX TAN: XXXXXXXXXXXX Please refer to the earlier CPC(TDS) Communication regarding defaults in TDS Statements for different TAN’s associated with your PAN…. Read more »
How to handle TDS on sale of property
Since June 2013, it has been mandatory for buyers of immovable property to deduct TDS from the amount to be paid to the seller. It is the responsibility of the… Read more »