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…
View More Payment of taxes -Do’s & Dont’sTag: TAN
197 Certificate – Rationale & Brief Analysis
What is 197 Certificate? The section 197 of Income Tax Act, 1961 provides the facility of non-deduction or lower deduction of tax. The assessee whose…
View More 197 Certificate – Rationale & Brief AnalysisDos & Don’ts for TDS Returns
Given below are some dos and don’ts for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against…
View More Dos & Don’ts for TDS ReturnsNil TDS Statement / Declaration – Overview
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Nil TDS Statement / Declaration – OverviewFAQs on Correction Return Preparation more than once on the same Regular Return
How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS return can be furnished many times to make changes in the regular…
View More FAQs on Correction Return Preparation more than once on the same Regular ReturnReasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…
View More Reasons for rejection of correction statement by TDSCPCSteps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16FAQs on Correction Return Preparation more than once on the same Regular Return
How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS return can be furnished many times to make changes in the regular…
View More FAQs on Correction Return Preparation more than once on the same Regular ReturnFAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online CorrectionOnline TDS/TCS/Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan…
View More Online TDS/TCS/Demand Payment using Challan ITNS 281