Tag: Traces

Solutions to the top queries about Short Payment and Short Deduction

How much amount do I pay for intimation received on Short Payment with Provisional Interest? Provisional interest is calculated till the date of processing of statement. Deposit principal amount of… Read more »

Solutions to the top queries about Late Payment and Late Deduction

What should I do in case of Late Payment / Late Deduction intimation received? The default amount will have to be deposited through challan no 281 by ticking minor head… Read more »

CPC(TDS) – Solutions to common enquiries

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TRACES has several easy-to-use, online e-Tutorials and FAQs that can be effectively used to get ready answers to your questions. Following are some of the most common reasons deductors enquire… Read more »

Deductees reported in TDS Statements with structurally Valid, but actually Invalid PANs

CPC(TDS) has observed from its records that many deductors have reported deductees with invalid PANs in the quarterly TDS statements. These PANs appear structurally valid but they are invalid. CPC(TDS)… Read more »

Transaction Based Report for NRI deductees at TRACES

CPC(TDS) has introduced a new feature on TRACES for generating Transaction Based Report (TBR) in respect of deductees reported in 27Q TDS Statements. The report provides with a summary of… Read more »