Why does admin require Consolidated Tax Deducted at Source (CTDS)?

When multiple TDS deductions have been made by the same deductor for a taxpayer, the deductor may issue a consolidated TDS certificate instead of separate certificates for each deduction. 

Deductor requires to furnish a quarterly TDS statement as per guidelines of the Income Tax Department.

For any update in the quarterly TDS statement, a correction statement is furnished by the deductor/collector. Correction statement is to be prepared on the latest statement details (accepted) at TIN central system. The consolidated TDS statement provided by TIN consists of the latest statement details i.e., the updates done vide correction statements (accepted at TIN central system).

Click here to subscribe to our help videos

Related Links:

Videos-

• To watch Form 24Q generation video, click here.
• To watch Form 24Q generation for last quarter (Q4) video, click here.

FAQs- To read more FAQs about Form 24Q, click here.

Documentation- To read more about Form 24Q, click here.

Product Update- To read about the product update, click here.