CPC(TDS) has issued a letter to all deductors regarding clarification of Lower Deduction/No deduction u/s 197 or 197A The letter produced is here as under: Date of communication: 04/02/2014 Dear Deductor, Greetings from CPC(TDS) team! CPC(TDS) team feels glad to constantly update our stakeholders with relevant advisory communications from time to time. This communication…
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…
The department has issued a notice to every Tax Payer stating that every tax payer should insist on getting Form 16/16A from their deductor downloaded only from TRACES website. (http://www.tdscpc.gov.in) Valid Form 16/16A: Valid Certificate downloaded from TRACES bear 7 character alphabet unique certificate number. It will have TDS-CPC logo on the left side and…
If tax at source has been deducted by you on various payments / credits but no TDS Statements have not been filed by you as yet. In this regard, your urgent attention is invited to relevant CBDT Circulars and provisions of the Income Tax Act, mandatory filing of TDS Statements and Issuance of TDS Certificates…
TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards some relevant guidelines related to payment of TDS/ TCS liability. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The Central Government Account (Receipts…
As per the latest development in the TRACES, the following types of corrections can also be done directly from the TRACES website: 1. PAN Correction 2. Challan Correction The existing system of preparing and filing correction return will also continue without any change. Online corrections can be done in the following simple steps: 1. Login…
What should One do on receipt of demand notice u/s 234E Late Filing? The default amount will have to be deposited through challan no. 281. Download conso file from TRACES for filing correction and tag the paid challan without adding any deductee records. While filing correction, fill up the fee amount in Fee column in…
Form 26B for online request for refund of excess TDS deposited has been enabled on TRACES. To apply online, please login to TRACES After Logging, deductors can navigate to Statement / Payments -> Request for Refund
As per the records of Centralized Processing Cell (TDS), the TDS Statements have been filed by many deductors for different quarters. However, many of them have not yet registered on TRACES (https://www.tdscpc.gov.in). In this regard, your attention is invited to the CBDT circulars 04/2013 dated 17.04.2013, No. 03/2011 dated 13.05.2011 and No. 01/2012 dated 09.04.2012…
TDSCPC has sent a message to all the deductors, in which it has shown concern over wrong filing of TDS return by the deductors and has suggested few tips which may be helpful to file correct and timely eTDS returns. Letter send by TDSCPC is given below for your ready reference: Dear Deductor, You are…