Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaultsMonth: December 2025
Significance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsFAQ 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 CorrectionSection 194S – TDS on the transfer of virtual digital assets and cryptocurrencies
Section 194S of the Income Tax Act was introduced to regulate taxation on transactions involving Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens (NFTs).…
View More Section 194S – TDS on the transfer of virtual digital assets and cryptocurrenciesTRACES: Download & Extract TDS & TCS Certificates
Once you have completed the process of filing your TDS or TCS returns, the next important step is to generate and distribute the relevant certificates…
View More TRACES: Download & Extract TDS & TCS CertificatesTDS / TCS Correction Filing Window Reduced to Two Years Effective 1st April 2026
The Central Board of Direct Taxes (CBDT) has revised the permissible period for filing TDS / TCS correction statements. With effect from 1st April 2026,…
View More TDS / TCS Correction Filing Window Reduced to Two Years Effective 1st April 2026