Online Correction facility

Basic principles of TDS Compliance

TDSMAN02 mins

The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting of data related to tax deductions/ collections made Submission of TDS Statements within the due dates Verification and Issuance of TDS Certificates within time CPC (TDS) is now sending “Intermediate…

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CPC (TDS) follow up communication regarding the use of Online Correction facility

TDSMAN05 mins

CPC (TDS) has released a follow up communication regarding Online Correction facility not availed after sending “Intermediate Communication for Short Payments” in course of processing of Original Quarterly TDS Statements. The issued communication has been given below: Dear Deductor,(TAN XXXXXXXXXX) As per the records of CPC (TDS), an Intermediate communication was sent to you intimating…

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