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Showing posts with the label Income-tax Act 2025

I Paid the TDS Default — Why Is TRACES Still Showing the Demand?

By Murali Krishna Ravuri, Krishna & Associates, Bengaluru | Published: 28 September 2026 Last updated: 28 September 2026  |  Applies to: TDS statements for FY 2025-26 and earlier (Income-tax Act, 1961) and Tax Year 2026-27 onwards (Income-tax Act, 2025) ⚡ Quick Read 1 minute 🙂 Simple Explanation 5 minutes 📚 Professional Deep-Dive 15 minutes 📑 Contents Quick Read: the problem, the reason, the fix In Simple Words: Evening Chai Conversations Professional Deep-Dive Which law and which form applies Why a paid default keeps showing Diagnosis: identify the default type Two ways to correct: online and offline Step-by-step: clearing a paid default Time limits for correction Interest, fee, penalty and prosecution Judicial position on the late filing fee Deductor's checklist References Frequently Asked Questions ⚡ Quick Read In this quick read The problem · The reason · What to do · Deadline · Does this apply to you? The prob...