TRACES website stands for TDS Reconciliation Analysis and Correction Enabling System.TRACES online portal connects all the stakeholders/deductors, i.e., taxpayers ...
TRACES is a Web-based application set up by the TDS Centralised Processing Cell of the Tax Department to facilitate swift interaction between the deductor, deductee, the department and CPC. TRACES, or ...
Form 16 is a certificate issued under section 203 of the IT Act, 1961 by the employer and is proof of the TDS deducted by the employer. While Form 16 is issued against salary income, form 16A is ...
Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ruling mandates tax authorities to accept taxpayer-provided TDS documentation, ...
Certain payments made by individuals attract tax deduction at source (TDS), but many are unaware of it. For instance, 2% TDS applies to rent exceeding ₹50,000 per month, 1% on property purchases above ...
I have invested around ₹4 lakh in some mutual funds, all regular plans with dividend options. They have deducted tax on the dividend amounts paid during this financial year 2020-2021. My question is ...
It is advisable for the taxpayers to compare Form 26AS with TDS certificates before filing of the ITR to avoid any mismatch. Extraordinary people always have an urge to achieve something. These people ...