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Month: August 2013

Key features of FVU version 2.135

Change in validation of quarterly TDS/TCS statement wherein Book entry flagĀ should not be provided in the challan details in case of nil challan\nil transfer…

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Key features of FVU version 3.9

Change in validation of quarterly TDS/TCS statements are as below: Book entry flag should not be provided in the challan details for nil challan/nil transfer…

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New File Validation Utilities (FVU 3.9 and FVU 2.135) released by NSDL

The Income Tax Department has released the following new File Validation Utilities on 12 August 2013 which would be mandatory from September 01, 2013: FVU…

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Complete Upload Procedure of e-TDS/TCS/AIR Online Return

NSDL e-Governance Infrastructure Limited launched an online upload of e-TDS return facility enabling entities to directly furnish (upload) their e-TDS returns (Form 24, 26 and…

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Interest on late deposit of TDS – 3 % for delay of one day

Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of…

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Deductors not depositing TDS by due date are liable for prosecution

Tax deductors who default in depositing TDS by due date shall be liable for prosecution: CBDT Central Board of Direct Taxes (CBDT) issued a press…

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Due Dates of TDS Payment

TDS Payment is liable to be made by any assesse who has deducted TDS at the time of incurring any expenditure. The Due Date for…

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