July 2024

Section 85 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Repeal and savings (1) The Arbitration (Protocol and Convention) Act, 1937 (6 of 1937), the Arbitration Act, 1940 (10 of 1940) and the Foreign Awards (Recognition and Enforcement) Act, 1961 (45 of 1961) are hereby repealed. (2) Notwithstanding such repeal,— (a)   the provisions of the said enactments shall apply in relation to arbitral proceedings which commenced before this Act came into force unless otherwise agreed by the parties but this Act shall apply in relation to arbitral proceedings which commenced on or after this Act comes into force; and (b)   all rules made and notifications published, under the said enactments shall, to the extent to which they are not repugnant to this Act, be deemed respectively to have been made or issued under this Act.

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Section 84 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Power to make rules (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) Every rule made by the Central Government under this Act shall be laid, as soon as may be, after it is made before each House of Parliament while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the sessions or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

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Section 83 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Removal of difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act as appear to it to be necessary or expedient for removing the difficulty : Provided that no such order shall be made after the expiry of a period of two years from the date of commencement of this Act. (2) Every order made under this section shall, as soon as may be after it is made, be laid before each House of Parliament.

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World GDP Ranking 2024 List

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World GDP Ranking List

GDP or “Gross Domestic Product” refers to the monetary value of all goods and services produced in a nation during a given year. A higher GDP indicates that the country is financially strong and growing at a stable rate. According to the World GDP Ranking 2024 list, India is the fifth largest economy in the world. Other prominent countries like the United States of America, China, Japan, Germany, etc., have a significant presence in this GDP Ranking list.  Top 10 GDP Countries 2024 S. No.  Country Name Continent GDP (USD Billion)* GDP Per Capita (USD thousand)* 1 United States America 28,783 85.37 2 China Asia 18,536 13.14 3 Germany Europe 4,590 54.29 4 Japan Asia 4,112 33.14 5 India Asia 3,942 2.73 6 United Kingdom Europe 3,502 51.07 7 France Europe 3,132 47.36 8 Brazil  America 2,333 11.35 9 Italy Europe 2,332 39.58 10 Canada America 2,242 54.87 India GDP 2024 Rank With strong macroeconomic fundamentals, robust domestic demand, fiscal discipline, high saving rates and demographic trends, India is now the fifth-largest economy in the world. Today, India’s leading economic contributors are traditional and modern agriculture, technology services, the handicraft industry, and business outsourcing.  With a real GDP of 173.82 lakh crore in 2023-24 generated by a population of over 1 billion, India is among the highest population-based economies in the world. Additionally, as per the recent data, India will tend to grow at 6.5%-7% in 2024-25. This means India’s economic growth next fiscal year will be the fastest among major economies. Therefore, in the upcoming years, rising consumption and investments, both domestic and foreign, will contribute to the nation’s growth and may also help India to rank higher in the World GDP Ranking list. India GDP Per Capita 2024 / India Per Capita Income 2024 India’s rank in the World GDP Ranking 2024 list, it is evident that the value of output per person is quite substantial. India’s per capita income of the population for 2024 is 2.73%. As per the Union government, the rise in the per capita income of people has pushed many households into higher income brackets.  In the financial year 2023, India’s per capita income is nearly 2 lakh.  On the contrary, in the financial year 2012, India’s per capita income was 71,609. It has increased by 175% in the last 10 years. The drastic increase in population and demand for employment has significantly increased the nation’s GDP per capita.  Calculating GDP GDP is calculated using the following formula:                    Y = C + I + G + (X − M) C represents consumption, which includes spending on services, non-durable goods, and durable goods. I represents investment, which consists of spending on housing and equipment. G represents government expenditure, which includes salaries of employees, construction of roads, railways, airports, schools, and military expenses. The difference between total exports and imports is referred to as net exports, denoted by (X-M). In this context, Y represents the Gross Domestic Product. FAQs What is the World GDP Ranking List? The World GDP Ranking List is a ranking of countries based on their Gross Domestic Product (GDP). It reflects the economic output of each country and helps in comparing the economic performance of different nations. What is GDP? Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country’s borders over a specific period, usually a year. It is an important indicator of a country’s economic health.

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Karnataka RERA Registration for Projects

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Karnataka RERA Registration for Projects

The official portal of Real Estate Regulatory Authority Karnataka (RERA Karnataka) is developed under section 4.3 of the Real Estate Regulatory Authority (RERA) Act, 2016. The RERA Act, 2016 was introduced to reform the real estate segment of the country, thereby encouraging better transparency, citizen centricity, financial disciple and accountability. To improve the responsibility and accountability towards consumers, the Real Estate Regulation and Development Act (RERA) has mandated real estate promoters developers (real estate developers) to register the project and to obtain a valid registration number before proceeding the work. The promoter will not be permitted to market, advertise or sell the units before the RERA Project registration. In case the project is to be developed in phases, the promoter has to obtain registration for each phase separately. Real Estate Regulation and Development Act (RERA) The Real Estate Regulation and Development Act (RERA), 2016 is considered as one of the landmark legislation passed by the Central Government. Its key objective is to reform the real estate sector in our country, encouraging greater transparency, citizen centricity, accountability and financial discipline.  RERA is in line with the vast and growing economy of India as in future; many people will be investing in the real estate sector. Real Estate Projects Registration Area of the land proposed to be developed is more than five hundred square meters More than eight apartments including of all phases The promoter has not received a completion certificate for a real estate project/phase of the project before the initiation of this act. If the certificate is not obtained, the promoter has to pay the penalty which will extend up to ten percent of the estimated cost of the real estate projects. If the promoter violates the rules continuously, then he will be punishable with imprisonment up to three years (3 years) or with a fine which will extend up to a further ten per cent of the estimated cost of the real estate project or both Any alternation or deed in the real estate project which involves advertising, marketing, selling or new allotment of an apartment, and plot or building Function of Promoter According to RERA act the function and duties of promoters are explained in detail below: Disclosing all the information about the project; Adherence to approved plans and projects specifications as approved by competent authorities; Rectification of structural defect within two years of possession. Obligations regarding the veracity of the advertisement Refund of money in cases of default notification Applicable Fee The fee structure for obtaining the Karnataka RERA registration for Projects is described below: According to RERA act, the promoter should compulsorily deposit 70 percent of the amounts realised for the real estate projects from the allottees in a separate account in a scheduled bank within fifteen days to cover the cost of constructions. Within three months of the application for project registration with the Authority, the Promoters are to deposit in separate bank accounts, 70% of the amounts already realised from the allottees. In case the receivable of the ongoing project is less than the estimated cost of balanced construction, then the promoter has to deposit 100% of the amounts to be realised in the separate account. Project Registration Fee To conduct the real estate business, the developer has to pay the registration fee while applying for registration of the project with the RERA authority. They can pay the registration fee through online payment mode. Housing project In the case of a group housing project, the following is the fee structure: Rs 5 per square meter – If the area of land proposed to be developed does not exceed 1000 square meters Rs 10 per square meters – For projects where the area of land proposed to be developed exceeds 1000 square meters. In the case of mixed development (residential and commercial) projects Rs 10 per square meters- For projects where the area of land proposed to be developed do not exceed 1000 meters Rs 15 per square meter – For projects where the area of land proposed to be developed exceeds 1000 square meters Commercial projects In the case of commercial projects, the following is the fee structure: Rs 20 per square meters- For projects where the area of land proposed to be developed does not exceed thousand square meters Rs 25 per square meter (capped up to Rs. 10 lakhs) – For projects where the area of the property proposed to be developed exceeds one thousand square meters. In the case of plotted development projects Rs 5 per square meter, but capped to Rs. 2 lakhs Documents Required Self-attested copy of the promoter PAN card of the promoter Annual reports – Audited profit and loss account balance sheet, cash flow statement, director’s reports and the auditor’s report of the promoter for the immediately preceding three financial years Number of parking slots available in the real estate projects Authenticated copies of the of the legal title deeds reflecting the title of the promoter to the lands on which the development of the project is proposed along with legally valid documents for a chain of the title; The details of encumbrances on the property for which permission is given under section 109 of the Karnataka Land Reforms Act, 1961 The Certified copy of the conversion order as per section 95 of the Karnataka Land Revenue Act, 1964 The permission of change in land use granted under section 14 of the Karnataka Town and Country Planning Act, 1961, on which development is proposed including any rights, title, interest or name of any party in or over such lands along with details; If the developer is not the owner of the land on which development is proposed, details of the consent of the owner along with the self-attested collaboration agreement, development agreement, joint development agreement or any other agreements. The copies of the title and other documents reflecting the title of such owner on the land proposed to be developed; If the promoter is an individual, Name, photograph, contact details and address of

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SBM (Sanitation Beneficiaries)

Government Schemes / /
SBM (Sanitation Beneficiaries)

To accelerate the efforts to achieve universal sanitation coverage and to put the focus on sanitation, the Prime Minister of India had launched the Swachh Bharat Mission on 2nd October 2014. Under the mission, all villages, Gram Panchayats, Districts, States and Union Territories in India declared themselves “open-defecation free” (ODF) by 2 October 2019, the 150th birth anniversary of Mahatma Gandhi, by constructing over 100 million toilets in rural India. To ensure that the open defecation free behaviours are sustained, no one is left behind, and that solid and liquid waste management facilities are accessible, the Mission is moving towards the next Phase II of SBMG i.e ODF-Plus. ODF Plus activities under Phase II of Swachh Bharat Mission (Grameen) will reinforce ODF behaviours and focus on providing interventions for the safe management of solid and liquid waste in villages. The Swachh Bharat Mission (Gramin) launched on 2nd October, 2014, by modifying the erstwhile Nirmal Bharat Abhiyan (NBA), is a community-led and people-oriented program aimed at universalizing safe sanitation. Swachh Bharat Mission (Gramin) is the only sanitation programme implemented by the Ministry of Drinking Water and Sanitation (now Ministry of Jal Shakti).Financial support of Rs – 12,000 for APL and BPL Rural households including storage for handwashing and cleaning of the toilet Activities under the Scheme: Construction of Individual Household Latrines (IHHL) Construction of Community Sanitary Complexes (CSCs). Solid Liquid Waste Management (SLWM) activities. Information, Education and Communication (IEC) Human Resource Development (HRD) activities. Benefits The Swachh Bharat Mission (Gramin) launched on 2nd October, 2014, by modifying the erstwhile Nirmal Bharat Abhiyan (NBA), is a community-led and people-oriented program aimed at universalizing safe sanitation. Swachh Bharat Mission (Gramin) is the only sanitation programme implemented by the Ministry of Drinking Water and Sanitation (now Ministry of Jal Shakti).Financial support of Rs – 12,000 for APL and BPL Rural households including storage for handwashing and cleaning of the toiletPayment of incentives may be in cash or in the form of construction materials or credit vouchers for such materials. Eligibility This scheme is for any rural household that does not have access to an individual household toilet. Documents Required Aadhar Number Bank Account Detail* – Passbook Photograph* Application Process Register on the given link. Complete the application process. Submit the form FAQs What is SBM? SBM stands for Swachh Bharat Mission, an initiative by the Government of India aimed at promoting cleanliness, hygiene, and the elimination of open defecation in India. Who are the beneficiaries of SBM? The beneficiaries of SBM include individuals, households, and communities, especially in rural areas, who receive support for constructing toilets and improving sanitation facilities.

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ITR 1 and ITR-2 for A.Y 2023-24

Income Tax / /
ITR 1 and ITR-2 2023-24

The income tax department has categorised taxpayers based on income, source of income and many other factors to ensure easy compliance. Taxpayers with incomes from different categories, thus, have to download and fill out different income tax return forms. Who should file the Income Tax Return? People having deposits of amount exceeding Rs.1 crore or more in a current account. Anyone who wants to claim a tax refund. Person who wants to carry forward or set-off losses should file return irrespective of income/loss. Person who needs to produce returns as an income proof for loans etc. People having income from foreign assets. What is Form-ITR-1 (SAHAJ) ? ITR-1 form (SAHAJ) is simplest Income Tax Return form. This form is to be filed by Resident Individuals. Income Tax Department has divided these forms on the basis of source of income and category of taxpayer. In this case also there are guidelines as to that who can file their return of income under ITR-1. Applicability of ITR-1 This form can be used by a resident individual. The income of the person should be less than Rs.50 lakhs. The source of income should be salary, house property or income from other sources. A person for whom, income from any of above sources is clubbed for spouse/minor. Has agriculture income up to Rs.5000/- What is ITR-2? TR-2 is utilized by individuals and Hindu Undivided Families (HUFs) for filing their Income Tax returns when they do not earn income from business or profession. Typically, it is used by those receiving income from sources like salary, pension, capital gains, and other sources. Who is eligible to file ITR-2 for AY 2024-25? ITR-2 form is for individuals and HUF receiving income other than income from ‘Profits and Gains from Business or Profession’. Thus, individuals with income from the following sources are eligible to file Form ITR-2: Income from salary/pension Income from house property (income can be from more than one house property) Income from capital gains/loss on sale of investments/property (both short-term and long-term) Income from other sources (including winning from lottery, bets on racehorses and other legal means of gambling) Agricultural income of more than Rs 5,000 Resident not ordinarily resident and a non-resident The total income from the above sources may exceed Rs 50 lakh. Understanding Forms ITR-1 and ITR-2 Applicable Basis ITR-1 ITR-2 General Information Basic details like name, address, DOB, type of employer, option to avail new and old tax regime Gross Total Income Income Details under all heads of income. Income under all heads of income. Details of Foreign Source Income, Exempt Income, Tax Relief u/s 90,90A and 91 Deductions Deductions to be claimed under chapter VI-A. Details for medical insurance and donations Deduction to be claimed under chapter VI-A. Deduction for medical insurance, donations, donation for scientific research or rural development. Taxable total income Computation of  Total income     Computation of Tax Payable     Details of tax payable, Details of Advance Tax, Self-Assessment Tax and TDS deducted Other Schedules   Past year and current year losses to be carried forward Statement of income after set-off of current year and carried forward losses. Schedule for Assets Outside India Schedule for calculation of AMT and AMTC. Schedule of Assets and Liabilities if income more than Rs.50 lakhs. Other Information Bank Account for refund of tax Verification and Submission Verification using EVC, Aadhaar OTP Who cannot file ITR-2 for AY 2024-25? Any individual or HUF having income from business or profession Individuals who are eligible to fill out the ITR-1 form (Sahaj) Major changes in ITR-2 in AY 2023-24 and AY 2024-25 Schedule VDA: Income from transfer of Virtual Digital Assets A new schedule is added to compute income from cryptocurrencies or other virtual Digital assets Relief u/s 89A: An additional clause has been added related to relief to residents who have income from foreign retirement benefits accounts: Point No. 1(e)4: Income taxable during the previous year on which relief u/s 89A was claimed in any earlier previous year Sec 10(12C): In other Exempt Income one new exemption added under Sec 10(12C) – Any payment from the Agniveer Corpus Fund to a person enrolled under the Agnipath Scheme or to his nominee. Schedule SI: New point added 115BBH – Income by way of transfer of Virtual Digital assets Section 80 CCH: Under Chapter VI A deduction new clause was added- The entire amount contributed by applicants employed by the Central Government to the Agniveer Corpus Fund is eligible for tax deductions. ARN: In schedule 80G clause D additional information is required for ARN (donation Reference number) FAQs Which ITR to file if you have only income from the sale of shares or mutual funds? If you have only income from the sale of shares and securities or mutual funds, you can file ITR-2. I am supposed to file ITR-2 and not ITR-1 if my maximum exempted income exceeds Rs.5,000. I am confused – what qualifies as exempt income? Incomes that are not taxable are specified under Section 10 of the Income Tax Act. Such incomes are excluded from the total income while calculating the taxes. The income can be partly or fully exempt depending on the guidelines or conditions prescribed in Section 10. Allowances that may be exempt to a certain extent include HRA, LTA, transport allowance, etc. Gratuity, leave encashment, and pension may be exempt under Section 10 of the Act.

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FRRO Registration Process

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frro registration process

The FRRO is the primary authority overseeing the stay and activities of foreign nationals in India. Registration with the FRRO is mandatory for individuals holding a visa of more than 180 days. This process is aimed to build a structured framework for monitoring the financial activities of foreign nationals residing within Indian borders. What Is FRRO Registration? Foreign nationals visiting India for more than 180 days on a student visa, business visa, medical visa, research visa or employment visa are required to get themselves registered with the Foreigners Regional Registration Officer (FRRO). FRRO registration must be obtained within 14 days of arrival in India from a Foreigners Registration Officer (FRO) having jurisdiction over the place where the foreigner intends to stay. Pakistan nationals visiting India are required to obtain FRRO registration within 24 hours of their arrival. All Afghan nationals irrespective of the length of stay are required to obtain FRRO registration within 14 days of arrival except those Afghan nationals who enter India on a visa valid for 30 days or less provided the Afghan national concerned gives his/her local address in India to the Indian Mission/FRRO/FRO. Documents Required for FRRO Registration Original valid passport and Visa along with 4 passport size color photographs Completed FRRO registration form Three photocopies of the relevant pages of the passport (photo page, the page is indicating validity, page bearing arrival stamp of Indian Immigration. FRRO undertaking letter (3 copies signed by Indian Host/ sponsor/ Guarantor along with anyone valid identity document like passport, election identity card, official identity card, PAN card, etc.). Proof of Residence (3 copies of either electricity bill/Telephone bill/ Municipal bill/ certificate of municipal authority/Leave & Licence agreement or any other valid proof of residence). Submission of letter from the hotel or receipt of payment is sufficient in case of registration on a Tourist visa. FRRO Registration fee- Rs. 100/-. In case of registration on an Employment visa, three copies of the terms and conditions of the contract of assignment, including salary, designation, tenure of employment, etc. In case of registration on Employment or Business Visa, three copies of PAN card or the application made for grant of PAN card. In case of registration on Employment or Business Visa, forwarding letter of concerned company/ Firm /Business undertaking, duly signed by the authorized signatory mentioning the name, designation & telephone, and mobile number. In case of registration on a student visa, three copies of Bonafide certificate from School, College or Academic Institute for the academic year mentioning relevant particulars, including the validity of admission and nationality of the foreign student. In case of registration on a medical visa, requires the letter from the concerned hospital along with supportive medical documentary/diagnostic test reports with medical certificate about the tentative period of treatment. In case of registration on a medical visa and the applicant admitted in the hospital requires a medical certificate bearing a photo of the applicant attested and certified by the doctor. Procedure for Obtaining FRRO Registration Foreign nationals arriving in India to stay over 180 days must obtain FRRO registration within 14 days of arrival in India. Further, foreign nationals planning to stay in India for more than 180 days can at any point well before the expiry of the 180 days, apply for FRRO registration from a FRO. Steps for FRRO Registration Complete online FRRO registration form and schedule FRRO interview (Online FRRO registration website) Generate a unique Registration number by the system. Schedule FRRO appointment. Attend and complete the FRRO interview with all relevant supporting documents. Usually, the FRRO registration process completes within 24 hours. The registration officer is responsible for enquiring fields or any other check under this process. Failure or late  FRRO registration attracts a penalty of USD30, which is changed from time to time. Hence, it is important for all foreign nationals staying in India for over 180 days to obtain an FRRO registration as early as possible. FAQs Who needs to register with FRRO? All foreigners visiting India on a long-term visa (more than 180 days) need to register with FRRO within 14 days of their arrival. This includes employment, student, research, and medical visa holders. How can I register with the FRRO? You can register with the FRRO online through the e-FRRO portal. The process involves filling out an application form, uploading required documents, and scheduling an appointment at the nearest FRRO office.

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TDS Conso File – TRACES Portal

Income Tax / /
TDS Conso File – TRACES Portal

To get the consolidated file from TRACES, we need to get the consolidated file. It is relevant to the financial year, quarter, and form type. If you want to download the file or the consolidated file, check that the states of the submitted return are correct. It needs to be “Statement Processed with Default or Statement Processed without Default”. The portal won’t fetch the file in case of a paper return. Thus, we will guide you through a series of steps to import the consolidated file from TRACES.  The Entire Procedure to Download Consolidated File Step 1 – Getting into the TRACES- The first step is to log into your TRACES Account using the user ID, Password, and Captcha. Along with it, you need to provide TAN or PAN. That will take you inside your Consolidated File From TRACES.  Step 2 – To the Conso File- The second part is to navigate to the Conso File under the Statement/Payments Section. It will help you to get to the window for putting the request for downloading the Consolidated File From TRACES. It will be named ‘Request for Conso File”. Step 3 – Putting down the details-The window will need you to fill in the ‘Financial Year’, ‘Quarter’, and the ‘Form Type’ through the drop-down menus in the ‘Request for Conso File’ window. Then you click on the ‘Go’ button on the right side.  Step 4 – Validate the KYC to Proceed- You will have two options for yourself, either through Digital Signature Support KYC Validation or through Normal KYC Validation. Step 4.1 – Digital Signature Support KYC Validation Click on Validate DSC after selecting the financial year, quarter, and form type. Enter the DSC Password in the provided space, click ‘ok’, select the DSC Certificate, and click on the ‘Sign’ Button. You must have the Token Number from the TDS Return Filed for the Financial Year and Quarter you are fetching the Conso File for. Enter it in the space provided. Check the checkbox for ‘Nil Challan’ or ‘Book Adjustment.’ BSR Code, Challand Serial Number, Challan Amount, and the date of tax deposition must be entered into the Challan Details section. Enter the Unique PAN-Amount Combination – it will be in the TDS Return and amount deposited. After the success page pops up on the screen, it is time to click on the ‘Request for Conso File’ button.  Step 4.2 – Normal KYC Validation If you select the Normal KYC Validation, you must select the financial year, quarter, and form type without the DSC Password.  After selecting the Normal KYC Validation option, you will be taken to the page to put down more information for the further steps.  You must have the Token Number from the TDS Return Filed for the Financial Year and Quarter you are fetching the Conso File for. Enter it in the space provided. Check the checkbox for ‘Nil Challan’ or ‘Book Adjustment.’ BSR Code, Challand Serial Number, Challan Amount, and the date of tax deposition must be entered into the Challan Details section. Enter the Unique PAN-Amount Combination – it will be in the TDS Return and amount deposited. After the success page pops up on the screen, it is time to click on the ‘Request for Conso File’ button.  You will have the authentication code generated for you on the success screen. Copy that authentication code, paste it into the Authentication Code Blank Box, and click on ‘Request for Conso File’.  Step 5 – Check the Request Number- After the Authentication and Request success, you will get a screen with the Request Number that says you can download it from the ‘Downloads’ Section. Step 6 – Download the File- Downloads > Request Downloads. You can either enter the request number and date or go for the view all section. Check the status of your request and if available, click on the download button. Step 7 – The Password- Last is the password to the HTTP Download of the zip file. To Open it, you need to enter the ‘TAN_Request Number‘ in all CAPS. Some Important Info To Keep in mind before you Download the Conso File. Consolidated File From TRACES processes the statement from the Financial Year of 2007-2008 onwards. That means, if you want the Conso File from before that financial year, you won’t be able to fetch it from TRACES.  It is important to check the status of the Conso File’s Request before you can download it. After the status is available, you can download it from HTTP Download or through Download Manager. The file format of the download will be ZIP Format. Therefore, you need to use an extractor tool and shift using proper tools to the software for any corrections. TRACES cannot provide you with any Conso File for any Paper Return filed. Hence, the Paper Return in the file type will not let you download the Conso File. The Digital Signature Support can only help you if you have updated it on TRACES. A previous update is compulsory; else, you will be denied the e-Signature and have to choose the Normal Method. It is important to remember that the Conso File is Password-Protected. Hence, you need to use the unique combination of your TAN and Request number to open the file. The format is ‘TAN_Request Number” in all Caps.  There are four details for the Request Statues: Submitted: The request has been successfully submitted. The Request is Processing Available: The consolidation File is ready to be downloaded Disabled: You may have submitted a duplicate request for the Conso File Failed: Please Content CPC (TDS) for support. FAQs What is a TDS Conso File? TDS Conso File is a consolidated file that contains all the details of the TDS (Tax Deducted at Source) returns filed by a deductor for a particular financial year. It includes information about the deductions made and deposited with the government. What is the TRACES portal? TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online portal managed by the Income Tax Department of India.

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