Many tax deductors file returns only in Quarter 4 and normally buy the software in April or May for preparing these returns. With TDSMAN (F.Y.: 2013-14), one can file returns of F.Y.: 2012-13 (Quarter 4) which is due on 15/05/2013 and further use the software for preparing returns of all the four quarters of F.Y.:…
Use TDSMAN software to use the following features of the TRACES website from the software itself: Downloading Consolidated Statement files for making corrections. Downloading of TDS Certificate (Form 16A). Downloading of TDS Defaults.
New File Validation Utility – FVU 3.7 has been released pertaining to validation of eTDS & eTCS returns of Financial Year 2010-11 onwards, and will be compulsorily applicable with effect from 26th May 2013. Till 25th May 2013 the existing FVU 3.6 would also be applicable. Click here to view the list of new features…
TIN users who have registered on TRACES but not activated their account within 24 hours will have to register as new user. Click on Register as New User and select user as Deductor to proceed.
The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers salaries. The Central Board of Direct Taxes (CBDT), the controlling and administrative authority of the department, has asked all I-T ranges to identify such cases where revenue…
1. Last date for payment of tax deductions/collections for March – 30th April, 2013 2. Last date of filing of TDS/TCS returns for Q4 of F.Y.: 2012-13 – 15th May, 2013 3. Last date for issuance of the TDS/TCS certificates for Q4 – 30th May, 2013 * The above is applicable for deductors other than…
Non deduction, late deduction and late deposit of TDS may lead you to face following consequences: Interest on late deduction /deposit of Tax at source. Dis-allowance of Expenses, on which tax has not been deducted /deposited u/s 40(a)(ia) Penalty and prosecution.(271C and 276B) I. Interest on late deduction and delayed deposit of…
TDSMAN (F.Y.: 2013-14) has been released with more features for the convenience of its users for both Regular Returns & Correction Returns. The software will support F.Y. 2013-14 and previous years starting from 2005-06. You will be able to transfer all your data from the 2012- 13 version to 2013-14 version .The eTDS return for…
What information do I need, to register myself in the ITD e-filing website? Answer: The basic information required is: PAN, Full Name, Date of Birth/Incorporation, Communication Address, valid e-mail id, Mobile number and Digital Signature Certificate (if applicable). For persons other than Individuals, in additional to the above mentioned information, PAN details and contact details…