CBDT has noticed that 5,09,898 taxpayers who have submitted an e-return for AY 2011-12 or 2012-13 or AY 2013-14 (Upto 20th October 2014) with returned Income of More than 10 Lakh or paid self assessment tax of more than / equal to one lakh (as per ITR) have not filed ITR for AY 2014-15. In…
An important message has been displayed for the deductors on the TRACES website regarding downloading of conso file. The displayed message has been given below: Attention Deductors: Your request for download of Conso File will not be accepted in case there are unmatched challans in the selected statement. Please match all challans through Online Correction…
Central Board of Excise & Customs vide Order No. 02/2014-ST dated 24th October, 2014 has extended the due date of filing Service Tax Return, for the period of April 2014 to September 2014, from 25th October 2014 to 14th November 2014. F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of…
TRACES has provided an e- Tutorial on its website for queries where Conso-file is N/A due to un-matched Challan. The e – Tutorial has been given below:
According to the information displayed on TRACES website, processing of statements might take 7 to 10 working days from date of filing due to peak statement filing time. 90% of the statements filed till 15th Oct 2014 have been processed for 26AS. Sources: TRACES
Last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended. The press release has been given below: Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS…
CPC(TDS) has released a survey “Deductor’s Survey Questionnaire: Your Feedback Matters” with an objective to understand the satisfaction of the deductors since the time CPC(TDS) and TRACES website came into existence. In this regard CPC(TDS) has issued a communication to deductors which is given below: Dear Deductor (TAN XXXXXXXXXX) Greetings from CPC(TDS) team! CPC(TDS) feels…
CPC (TDS) has issued a communication regarding filing of Form No. 24G in FY 2014-15. The issued communication has been given below: Dear Sir/ Madam, This is to inform you that your office (Accounts Office Identification Number (AIN)) have filed Form 24G for all 12 months in Financial Year 2013-14, however, you have not filed…
As per the records of the Centralized Processing Cell (TDS), this has been observed that there has been substantial delay in payment of the “amount of Tax Deducted” during the Financial Year 2013-14. In such case, this leads to Short/ Late Payment Defaults in your TDS Statements. CPC (TDS) has issued a follow up communication in…
Given below are some dos and don’t for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS payment has been made. Ensure that correct challan particulars including CIN and amount is mentioned. Correct PAN of the deductee is mentioned. Correct section is quoted against each deductee record….