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Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source- Reg.

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..... ax Act, 1961 , any person, including the principal officer of a company, who fails to deduct the whole or any part of the tax in accordance with the provisions of Chapter XVII-B on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee in default in respect of such tax if such resident- (i) has furnished his return of income under section 139 ; (ii) has taken into account such sum for computing income in such return of income; and (iii) has paid the tax due on the income declared by him in such return of income, and the person furnishes a certificate to this effect from an accountant in such form as may be prescribed. 2. As per sub-rule (1) of Rule 31ACB o .....

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..... c [2] Up to including 2016-17 200A CPC-TDS 26A Electronic [2] Including from 2017-18 200A; 201(1) and/or 40(a)(ia) [1] The AO should ensure that interest on non-deduction of the whole or any part of the tax or failure in payment after deduction as required by or under this Act shall be paid before furnishing the statement in accordance with the provisions of the Act. [2] Furnishing of Form 26A in electronic shall be enabled with effect from 15.01.2017. 4. The procedure for electronic filing of Form 26A is as follows: 4.1 Role of Deductor: STEPS .....

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..... transactions to the accountant identified for certifying Annexure A and obtain the membership no. of such accountant to be used in step no. 5. 5. E-Filing Portal (Login as Deductor) Locate DIN on which Form 26A effect is to be given : Locate and select relevant DIN in menu driven option for which request for Form 26A is to be submitted. Locate No Deduction Transactions on which Form 26A effect is to be given : Locate and select No-Deduction transaction for which request for Form 26A is to be submitted. 6. E-Filing Portal Authorize Membership Number of Accountant : Deductor, after ascertaining .....

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..... be re-calculated and Late Deduction Interest will be generated accordingIy, which can be viewed b Deductor. 10. NSDL\TRACES portal Make payment for Modified Late Deduction Interest : Deductor needs to pay Late deduction Interest amount, according to the modified computation. [3] DIN is unique identification number of single Deductee row. [4] Accountant shall have meaning assigned to it in the Explanation to sub-section (2) of section 288 of the I.T. Act, 1961. 4.2 Role of Accountant at E-Filing: 1. Accountant has to get himself registered at E-Filing Portal and share his membership number with the Deductor desiring to authorize him with res .....

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..... ductee(PAN) should have been filed u/s 139 and no demand should be payable at the time of assessment. Share digitally signed Form 26A with CPC-TDS. 4.4 Role of TRACES: For Deductor Backend Processing 1. Display identified Short-Deduction transactions for viewing of Deductor. 2. Provide option of adding No-Deduction transactions to Deductor. 3. Provide DIN and/or Alpha-Numeric String for each transaction after submission by Deductor as per Step 3 of Para 4.1. 4. Display updated status of submitted Form 26A as received from E-Filling Portal. Processinq the request : Once Deductor submits reque .....

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