Tag: Traces

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 »

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/TCS statements online. Following are the various facilities available through online correction:… 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 »

Different statuses available on TRACES regarding TDS / TCS statement

Below are the Different statuses available on TRACES regarding TDS / TCS statement Following processing status shall be displayed for regular statement: Pending for Processing Processed for Form 26AS Processed… Read more »

Tips to avoid all types of TDS Defaults

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