1. Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS / TCS statements on electronic media (i.e. e-TDS / TCS statements). However, deductors / collectors other than corporate / government can file either in physical…
When I provide my TAN and Token Number, I get the message ‘Invalid details’. Why? Token Number (Provisional Receipt Number) provided must be of any accepted Regular statement filed by you on or after April 1, 2010 or of any accepted Correction statement filed by you from April 1, 2010 to October 15, 2012. What…
Even if the credit for TDS as claimed in the return matches with the balance as appearing in the Form 26AS, Assessing Officer may still raise a demand for payment of differential amount due to TDS mismatch. The reason for such differences could be as under: (1) TAN of deductor was wrongly mentioned (2) Name…
What is Form 26AS? It is a form issued under Rule 31AB, wherein the following information in relation to a PAN is published: TDS – Part A & A1 of Form 26AS TCS – Part B of Form 26AS Details of tax paid other than TDS / TCS – Part C of Form 26AS Details…
Form 26AS is most important document for tax payers as it is a tax payment and deduction ledger for them. It shows Tax deducted /collected amount by deductors, Amount paid with TDS against form 15G/15H, tax paid by tax payer like advance tax,self assessment tax etc. Further it also shows refund amount . Every tax…
INSTRUCTION NO 11/2013, Dated: 27 August, 2013 Subject: Action on Unmatched Challans reflected in Form 26AS-direction of the Honble Delhi HC in the case Court on Its Own Motion vs. UOI & Ors in WP(C) 2659/2012 & WP(C) 5443/2012²- regarding 1. The. Honble Delhi High Court vide its judgement in the case Court On its…
Mismatch of Tax Credit (Form 26AS): One of the most common reasons of tax refund delays is mismatching of the taxes paid by you with the Governments online record (Form 26AS). Incorrect bank or personal account details: While filing tax return one should ensure that mailing address, bank details, Permanent Account Number (PAN) and all…
This year Income Tax e filing portal has provided a new facilities of “Pre-filled XML data in offline Excel utility”on their website. The process of using the Pre-filled XML data in offline excel utility has been given below: What is Pre-filled ITR xml ? Pre-filled XML is a trick/utility by which you can fill your…
NSDL had launched the new FVU version 3.8 with effect from 1st July 2013 with major changes. Owing to this, downloading of Consolidated TDS file from TRACES and subsequent preparation and filing of Correction Statements was temporarily suspended. This has again resumed from 9th July 2013 and the TDSMAN team is happy to incorporate all the…
CBDT has issued an important instruction to all officers regarding refund of TDS without matching of tds amount with form 26AS. As per new instructions when an assessee approaches the Assessing Officer with requisite details and particulars in the form of TDS certificate as an evidence against any mismatched amount, the said Assessing Officer will…