CPC (TDS) has issued an advisory communication in which it has stated about the closure of late payment interest defaults in quarterly TDS Statements. It has requested the Principal Officer, State Bank of India to instruct the deductors associated with them to pay the late payment interest amount and file the TDS correction statement accordingly…
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), discrepancies have been observed with respect to your TAN…
CPC (TDS) has issued an advisory communication to deductors stating about the establishment of processing logic in the system that can accept a Single Challan per month for reporting of Tax Deposited. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), it has been…
CPC (TDS) has issued a communication to deductors in which it has stated about a significant change in processing of Quarterly TDS Statements. The central point in the new process is identifying errors in challan/ PANs and facilitating their corrections before CPC (TDS) computes defaults in TDS statements. The issued communication has been given below:…
Centralized Processing Cell (TDS) has observed from its records that though deductors have reported deductees with more than Rs. 50,000 of TDS in Quarterly TDS statements, but the PANs are either “Not Available” or “Invalid”. CPC (TDS) has issued a communication in this regard stating the impact & action to be taken in this situation….
CPC (TDS) has issued an advisory communication in which it has stated about the release of a new feature on TRACES where a Digital Signature Certificate (DSC) can be used for availing various services offered by TRACES. The issued communication has been given below: Dear Deductor, The Centralized Processing Cell (TDS) has released a new…
CPC (TDS) has issued an advisory communications to the deductors in which it has stated that the deductors has filed tds statements for different quarters but they have not yet registered on the web portal TRACES. Therefore, the deductors must register on TRACES to download TDS Certificates (Form 16/ 16A) and avail several other facilities…
Dear Deductor, Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements. As you may be aware that at the time of filing TDS statements, it is mandatory: To quote the BIN particulars correctly, through which TDS payments have been made. The TDS forms prescribe quoting…