Tag: Traces

Frequently Asked Questions (FAQ) on Filing of TDS / TCS statement

Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS /… Read more »

Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source

Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The… Read more »

Important Information for Deductors regarding TDS Certificates

Below are the important information regarding TDS Certificates which deductors should take care of: Deductors who have deducted TDS and have not deposited the same by the due date, must… Read more »

Quick steps to generate TDS Certificate using TDSMAN

Below are the quick steps to generate TDS Certificate using TDSMAN Software: In TRACES Information menu 1. Request for Form 16A / Form 16 (Part A). 2. After 2 hours,… Read more »

Processing of statements might take 7 to 10 working days from date of filing

An important information regarding TDS statement has been displayed at TRACES website which states as follows: Considering peak statement filing time, processing of statements might take 7 to 10 working… Read more »

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 »