CPC (TDS) has issued a communication in which it has thanked deductors for promptly availing the Online Correction facility at TRACES on receipt of Intermediate Defaults Communication. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) Centralized Processing Cell (TDS) Congratulates you and Thanks you for promptly availing the Online Correction facility at our web-portal TRACES,…
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…
CPC (TDS) has issued a follow up communication for the payment of outstanding late etds filling fees u/s 234E. In the communiation, CPC (TDS) has also mentioned about the action to be taken by the TANs associated with your PAN, in case of levy intimated u/s 234E. The issued communication has been given below: Dear…
CPC (TDS) has issued a reminder to the deductors regarding raising of Flag “B” in TDS Quarterly Statements against 15G/H Forms for FY 2013-14. The issued communication has been given below: Dear Deductor, As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made…
Dear Deductor, As per the records of Centralized Processing Cell (TDS), there are Short Payment defaults, exceeding Rupees One Lakh, in the TDS Statement(s) submitted for various quarters of Financial Year 2013-14. The Short Payment default is on account of “Total amount of Tax Deducted” exceeding “Total amount of Tax Deposited”, as reported in your TDS…
What is TDS? TDS means ‘Tax Deducted at Source’. TDS is one of the modes of collection of taxes, by which a certain percentage of amount is deducted by a person at the time of making / crediting certain specific nature of payment to the other person and deducted amount is remitted to the Government…
With effect from June 1, 2014, Deductors/Collectors need not submit copy of Provisional Receipt of original statement and Statement Statistics Report (SSR) for furnishing e-TDS/TCS correction statement. Income Tax Department has revised the procedure for acceptance of e-TDS/TCS correction statements. The same is intimated vide Circular No: NSDL/TIN/2014/024 dated 28 May, 2014. The revised procedure…
1. Last date for payment of tax deductions/collections for April-7th May 2014 2. Last date of filing of TDS/TCS returns for Q4 of F.Y. 2013-14 – 15th May, 2014 3. Last date for issuance of the TDS/TCS certificates for Q4 – 30th May, 2014 * The above is applicable for deductors other than the Office of the…
If Account Office needs duplicate copy of Provisional Receipt Number of the filed eTDS/TCS return, then AO is required to send request letter to NSDL. The format in which request should be sent to NSDL by the Account Office is as under :- Request letter by Account Office in Letter Head (Letter should be signed…
As per the records of Centralized Processing Cell (TDS), the TDS Statement(s) for some of the quarters have not been submitted within the prescribed due date. Intimation u/s 200A of the Income Tax Act, 1961 intimating an outstanding demand for the relevant quarters, including demand under section 234E towards Fee for delayed filing of TDS…