Add Deductee Details in Newly Added Challan Online Correction TRACES

Revising TDS Return is now not a easy Job. TRACES has discontinued recently C9 type of correction due to which dedcutor is now not able to add challan in revised return in offline form. Online Correction is required for […]

Procedure for E-Filling of TDS Return

Electronic statements (e-TDS/TCS/AIR) can be uploaded online to the TIN central system only for those TANs who have been associated with the organisation and duly authorised by NSDL. After preparation of the electronic statement, entities […]

CBDT Circular on Using Challan for more than one Sections

For Deductor’s convenience, CPC (TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances : 1. Payment of Tax Deducted under different sections […]

Online filling of Form 15G and 15H

Considering ease of use and as a part of Digital India, CBDT has simplified the procedure for filing of Form 15G & 15H, by putting it online. Form15G and 15H are self-declaration forms required to be […]

How to Claim TDS if not reflecting in Form 26AS

At the current time, many of the Individual Assesses are in hurry to file their income tax return with Income tax department to avoid any consequences for non compliance regarding filling timely ROI. However, while […]

TDS on Ocean Freight

Applicability of TDS Provisions for Ocean Freight basically depends upon Status of Transporter, weather Resident or Non Resident. As in case of Resident, Provisions of Section 194C of the Income tax Act, 1961 will apply […]

Time Limit under Various Sections under Income tax Act

Due Date is having very much importance to adhere with adequate statutory compliance in timely manner. Time Limit under Various Section under Income tax Act is as given below in tabulated format. Section Compliance Time […]

Income tax Set off and Carry Forward Table in easy Format

Here is the table for Carry Forward and Set off of Losses under Income tax Act, 1961 for your ready reference. Sometimes for CA Students as well as for professionals it becomes very difficult to memorize […]

Cost Inflation Index for Capital Gain Calculation

Cost Inflation Index is very important for the calculation of Long Term Capital gain as per the provisions of Income tax Act, 1961. It should be worth noted that, while calculating Long term Capital Gain […]

How to Check PAN Card Status Online

To Track your PAN/TAN Application Status, click on the followimg link. https://tin.tin.nsdl.com/tan/StatusTrack.html Acknowledgement number is required to track the status of PAN Card. However in absence of ACKNOWLEDGEMENT NUMBER, Complete name and Date of Birth […]