CPC (TDS) has issued a reminder communication to all deductors who have filed TDS Statements for Q1, FY 2013-14 but not filed yet for Q1, FY 2014-15. The issued communication has been given below: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statements for Q1, FY 2013-14,…
CPC (TDS) has issued a reminder communication for etds filing, where TDS has been paid, however, Quarterly TDS Statements are not filed. CPC (TDS) has observed from its records that some deductors have made payments for Tax Deducted but have not filed TDS statements for any quarter in FY 2013-14. CPC (TDS) has issued a…
1. Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS / TCS statements on electronic media (i.e. e-TDS / TCS statements). However, deductors / collectors other than corporate / government can file either in physical…
The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of Short Payment defaults in the quarterly TDS statements due to Unmatched Challans, before the Conso files can be downloaded from TRACES for the relevant statements. Following are key information to be noted in this regard: CPC(TDS) mandates to…
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…
According to CPC (TDS), there are outstanding short payment defaults for TDS statements filed by deductors. The letter issued by CPC (TDS) to deductors in this regard is given as followed: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), there are outstanding Short Payment Defaults for TDS Statements filed by you, however,…
Q 1. What are the way, I can file my Income Tax Returns? Return of income can be filed manually or online mode. If return of income is filed through online mode, then the assessee has following two options: (1) E-filing using a Digital Signature (2) E-filing without a Digital Signature If return of income…
Last date for issuance of TDS/TCS certificates for Q1 of FY: 2014-15 – 30th July, 2014 The above is applicable for deductors other than the Office of the Government Delay in requesting certificates may involve a fine of Rs. 100 per day u/s 272(A)(g) subject to an upper limit of the tax deducted. Click here for…
Dear Deductor, As per the records of Centralized Processing Cell (TDS), the TDS Statements have been filed by you for different quarters for the Financial Year 2013-14. However, you have not yet downloaded TDS Certificates (Forms 16/ 16A) from our portal. Please refer to the following provisions of the Income Tax Act, 1961 in this…
CPC (TDS) has issued a communication to the deductors regarding TDS Statements filed for Q 1, FY 2012-13 but not yet filed for Q 1, FY 2013-14. Through this communication, CPC(TDS) has made it clear that if deductors are not required to submit the relevant statement, then they are requested to submit a declaration by…