TDS / TCS (Income Tax) – Information & Resource Bank
The Income Tax Department has released the following new File Validation Utilities on 27th June, 2014: FVU version 4.3 – For Statements pertaining to FY 2010-11 onwards. FVU version 2.139 – For Statements upto FY 2009-10. These two FVU versions are mandatory with effect from June 28, 2014. Click here to view the key features of FVU…
Addition of New State code for TELANGANA. New State code 36 for TELANGANA has been added. Applicability of FVU version: From June 28, 2014, FVU version 4.3 would be mandatory for statements pertain to FY 2010-11 onwards.
Addition of New State code for TELANGANA. New State code 36 for TELANGANA has been added. Applicability of FVU version: From June 28, 2014, FVU version 2.139 would be mandatory for statements pertain to FY 2007-08 to FY 2009-10.
How much amount do I pay for intimation received on Short Payment with Provisional Interest? Provisional interest is calculated till the date of processing of statement. Deposit principal amount of short payment along with interest @ 1.5% per month from date of deduction till date of deposit and file the correction for the same. I…