CPC(TDS)

CPC(TDS) Advisory for Deposit of Tax deducted and Demand for TDS Defaults with respect to Purchase of Immovable Property

TDSMAN12 mins

CPC(TDS) has issued an advisory for deposit of tax deducted and demand for TDS defaults with respect to purchase of immovable property (26QB Statement-cum-challan). The issued advisory has been given below: The Centralized Processing Cell (TDS) provides important tips, for the convenience of Taxpayers, who have executed any transaction for Purchase of Immovable Property exceeding Rs….

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CPC(TDS) releases Online Correction Facility for 26QB Statements

TDSMAN53 mins

Dear Buyer of Immovable Property, The Centralized Processing Cell (TDS) is pleased to inform the release of Online Correction facility for TDS statements filed in form 26QB, with respect to tax deducted at source on transfer of Immovable Property exceeding Rs. 50 Lakhs. The Online Correction facility at TRACES can be used for closure of…

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Defaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1

TDSMAN03 mins

CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16, Quarter 1.     The issued communication has been given below: Dear Deductor (TAN XXXXXXXXX) Centralized Processing Centre (TDS) has observed from its records that as on 31st August 2015, there are…

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Closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards

TDSMAN04 mins

CPC(TDS) reminder communication to banks regarding closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards. The issued communication has been given below: The Principal Officer Name: XXXXXXX TAN: XXXXXXXXXXXX Please refer to the earlier CPC(TDS) Communication regarding defaults in TDS Statements for different TAN’s associated with your PAN. The Centralized Processing Centre…

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Closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards

TDSMAN06 mins

CPC(TDS) has issued a follow up communication to all deductors regarding closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of Centralized Processing Cell (TDS), there are outstanding Short Payment Defaults…

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CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month

TDSMAN05 mins

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…

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Deductor’s Survey Questionnaire: Your Feedback Matters!!

TDSMAN02 mins

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…

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CPC (TDS) mandates closure of Short Payment Defaults in the quarterly TDS statements

TDSMAN07 mins

The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of Short Payment defaults in the quarterly TDS statements due to Unmatched Challans, before the Conso files can be downloaded from TRACES for the relevant statements. Following are key information to be noted in this regard: CPC(TDS) mandates to…

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Invalid / Not Available PANs reported consistently while submitting TDS Statements – CPC(TDS)

TDSMAN04 mins

CPC(TDS) has issued a reminder communication to all deductors regarding invalid/non available PANs. The issued communication has been given below: Dear Deductor, CPC(TDS) has observed from its records that you have consistently reported Invalid / Not Available PANs in the Quarterly TDS Statements submitted during the period from Q4, 2012-13 to Q3,2013-14. Please note that you are amongst deductors,…

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CPC(TDS) – Solutions to common enquiries

TDSMAN34 mins

TRACES has several easy-to-use, online e-Tutorials and FAQs that can be effectively used to get ready answers to your questions. Following are some of the most common reasons deductors enquire or call TRACES: What is the status of processing of statements? CPC(TDS) is glad to inform that the peak load of statement processing has already…

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