What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of…
View More Frequently Asked Questions (FAQ) on Form 16/16AMonth: August 2016
Steps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U-Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment.…
View More Different matching statuses in Form 16 / Form 16AReasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…
View More Reasons to reject the correction in challan detail by TDS-CPCPayment of taxes -Do’s & Dont’s
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for…
View More Payment of taxes -Do’s & Dont’sStatutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionFAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online Correction