May 9, 2015

Different statuses available on TRACES regarding TDS / TCS statement

TDSMAN01 mins

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 without Defaults Processed with Defaults  Following processing status shall be displayed for correction statement: Pending for Processing Processed for Form 26AS Processed without Defaults Processed…

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Requirement for obtaining evidence/ particulars by employer for TDS -Section 192

TDSMAN01 mins

Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed. There is neither any guidance regarding the nature of evidence/particulars to be obtained nor any uniformity in this regard. With a view to rationalise the collection of…

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