Steps for Preparing Correction Returns Request for TDS (Consolidated) file from TRACES Download requested TDS (Consolidated) file from TRACES Upload TDS (Consolidated) file for correction into the software. This file…
View More Steps for Preparing Correction ReturnsTag: TDS
Section 194M – Rationale & Brief Analysis
A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now…
View More Section 194M – Rationale & Brief AnalysisFiling of TDS / TCS Return Online using Aadhaar
One can file TDS / TCS Returns (both Regular & Correction Statements) through the Income Tax e-Filing portal through Aadhaar authentication. Pre-requisites • TAN has…
View More Filing of TDS / TCS Return Online using AadhaarProcedure of preparing e-Returns for TDS / TCS
E-Returns for TDS / TCS was first introduced in 2002-03 and it has come a long way ever since. Currently, less than 1% are still…
View More Procedure of preparing e-Returns for TDS / TCSSpecial Discount on TDSMAN (FY: 2020-21)
Now you can prepare TDS/TCS Returns for all quarters of the next FY: 20-21 It covers: ✔ All TDS/TCS Returns for FY: 2020-21 ✔ All…
View More Special Discount on TDSMAN (FY: 2020-21)Online 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 281Form 26A/27BA – Rationale and Brief Analysis
What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of…
View More Form 26A/27BA – Rationale and Brief AnalysisUseful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Useful guidelines to avoid common mistakes while submitting TDS StatementsPreparing Nil TDS Statement / Declaration
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 Preparing Nil TDS Statement / DeclarationConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaults