Steps to follow in case of Late Payment Intimation Received

Follow the steps mentioned below in case of Late Payment Intimation Received: The default amount will have to be deposited through challan number ITNS – 281 by ticking minor head ‘400’ Add Challan to statement (C9 correction) using “Online Correction Functionality” available on TRACES as C9 correction has been stopped in Offline Correction For closure…

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Payment of taxes – Do’s & Dont’s

Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS 280 For depositing Advance tax, Self Assessment tax, Tax on Regular Assessment, Surtax, Tax on Distributed Profits of Domestic Company and Tax on Distributed…

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CPC (TDS) drive for closure of Short Payment Defaults to facilitate downloading of Conso Files/ TDS Certificates

CPC (TDS) has observed from its records that there are Short Payment Defaults in Quarterly TDS Statements submitted by the deductors due to which downloading of Consolidated Files and TDS Certificates are currently restricted. CPC (TDS) has issued a communication in this regard which is given below: Dear Deductor,(TAN XXXXXXXXXX) The Centralized Processing Centre (TDS) has observed…

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Important steps/procedures with respect to payment of taxes

Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS 280 For depositing Advance tax, Self Assessment tax, Tax on Regular Assessment, Surtax, Tax on Distributed Profits of Domestic Company and Tax on Distributed…

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