The due dates for filing statements for different forms are as per the below table: Quarter Period Government Deductor Non-Government Deductor Q1 1 Apr-30 June 31st July 15th July Q2 1 July-30 Sep 31st Oct 15th Oct Q3 1 Oct-31 Dec 31st Jan 15th Jan Q4 1 Jan-31 Mar 15th May 15th May Form 24Q,…
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 or…
Incorporation section code 192A and 194LBB: 192A & 194LBB have been added for below forms which will be applicable for statements pertain to FY 2015-16 & Q1 onwards. Section code 192A will be applicable for Form 26Q. Section code 194LBB will be applicable only for Form 26Q and 27Q. For section code 192A, select 92D…
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…
What should I do in case of Late Payment / Late Deduction intimation received? The default amount will have to be deposited through challan no 281 by ticking minor head ‘400’. Download conso file from TRACES for filing correction and update the challan detail. While filing correction, fill up interest amount in column no. 403…
CPC(TDS) has introduced a new feature on TRACES for generating Transaction Based Report (TBR) in respect of deductees reported in 27Q TDS Statements. The report provides with a summary of transactions in respect of NRI Deductees who have not reported their PANs (PAN Not Available) Details about Transaction Based Report: The feature is available only…
Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee…