Consider the following statements 1 The ldquo TDS Reconciliation Analysis amp Correct...........

Economic Affairs Tax System

Consider the following statements:

1. The “TDS Reconciliation Analysis & Correction Enabling System (TRACES)” project was launched by the Income Tax Department.

2. The Project marks a major step in ensuring TDS compliance through the processing of TDS using technology driven end-to-end processes.

3. The Department has been awarded GOLD by the Government of India for National Award on e-governance 2014-15.

Which of the above statements is/are correct?

1 only

1 and 2

1 and 3

1, 2 and 3

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Explanation:

All three statements are correct:

The "TDS Reconciliation Analysis & Correction Enabling System (TRACES)" project was indeed launched by the Income Tax Department.
The project marks a major step in ensuring TDS (Tax Deducted at Source) compliance through the processing of TDS using technology-driven end-to-end processes.
The Income Tax Department was awarded GOLD by the Government of India for the National Award on e-governance for the year 2014-15.

So, all three statements are correct.

By: Abhipedia

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Sahil rana

in previous tests, Statement 3 was also marked correct. What to learn now? Finally, I will have to search online. Can't I trust the Abhipedia resources?