CPC(TDS) has issued a follow up communication to all deductors regarding closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of Centralized Processing Cell (TDS), there are outstanding Short Payment Defaults…
CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults exceeding Rs. 1 Crore, with respect to TDS Statements filed by the deductors since Financial Year 2007-08 onwards. CPC (TDS) issued a follow-up communication in this regard which has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of Centralized…
Last date for payment of tax deductions for March 2015 – 30th April, 2015 Last date for filing of TDS returns for Q4 of FY: 2014-15 – 15th May, 2015 Last date for issuance of TDS certificates for Q4 of FY: 2014-15 – 30th May, 2015 The above dates are applicable for non – government…
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…
CPC (TDS) has issued a reminder communication to Banks regarding closure of short payment defaults in Quarterly TDS Statements. The issued communication has been given below: Please refer to the earlier CPC(TDS) Communication Reference No.070/2014; dated 29th November 2014 regarding Defaults in TDS Statements for different TAN’s associated with your PAN. The Centralized Processing Centre…
CPC (TDS) has released a follow up communication regarding closure of Short Payment Defaults in quarterly TDS Statements due to Unmatched Challans. The released communication has been given below: Dear Deductor, This is to inform you that Centralized Processing Cell (TDS) has initiated a special drive for closure of Short Payment Defaults in quarterly TDS…
As per the records of the Centralized Processing Cell (TDS), there exist outstanding Defaults in “all six preceeding Quarters” with respect to the TDS Statements filed by deductors, relevant to the Financial Years 2013-14 and 2014-15. CPC (TDS) has issued a communication to deductors in this regards which has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX)…
CPC (TDS) has issued a reminder communication to deductors in which it has stated about the downloading of TDS certificates. According to CPC (TDS), TDS Statements have been filed by the deductors during Q1 FY 2013-14 to Q2 FY 2014-15 but TDS Certificates (Form 16A) have not been downloaded for all of the referenced quarters,…
The following important notifications have been displayed on TRACES website: If you have received intermediate communication for statement on hold due to Short Payment and PAN error; please wait for 48 hours to submit Online Correction on TRACES. Considering peak statement filing time, processing of statements might take 7 to 10 working days from date…
Given below 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…