CPC(TDS) has observed from its records that Flag “B” (for 15G/H Forms) has been wrongly raised in the quarterly TDS Statements. CPC(TDS) has issued a letter to all deductors in this regard. The letter produced is given as under: Dear Deductor ( TAN XXXXXXXXXX ), CPC(TDS) feels glad to provide you with the new feature…
With effect from June 1, 2014, Deductors/Collectors need not submit copy of Provisional Receipt of original statement and Statement Statistics Report (SSR) for furnishing e-TDS/TCS correction statement. Income Tax Department has revised the procedure for acceptance of e-TDS/TCS correction statements. The same is intimated vide Circular No: NSDL/TIN/2014/024 dated 28 May, 2014. The revised procedure…
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) has issued a letter to all deductors in this regard. The letter produced is as follows: Dear Deductor ( TAN XXXXXXXXXX ), Centralized Processing Cell…
Due date to download Form 16 for FY: 2013-14 is 31st May, 2014. Due date to download Form 16A for Q4 FY: 2013-14 is 30th May, 2014. Delay in requesting certificates may involve a fine of Rs. 100 per day u/s 272(A)(g) subject to an upper limit of the tax deducted. Click here for more…