TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.8 and FVU ver. 2.144). All users are advised to update…
View More TDSMAN updated with FVU ver. 4.8 & FVU ver. 2.144Month: September 2015
When and How to claim TDS Refund
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount…
View More When and How to claim TDS RefundFVU 4.8 and FVU 2.144 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 4.8-For statement pertaining to FY 2010-11 onwards. FVU version 2.144-For statement…
View More FVU 4.8 and FVU 2.144 released by NSDLKey Features -File Validation Utility (FVU) version 2.144
1. Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued.…
View More Key Features -File Validation Utility (FVU) version 2.144Key Features -File Validation Utility (FVU) version 4.8
1. Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment…
View More Key Features -File Validation Utility (FVU) version 4.8Guidelines for correct reporting of 197 Certificates while submitting TDS Statements
Please refer to the following guidelines for correct reporting of 197 Certificates: The Certificate Number should be of 10 digits with Alpha-numeric structure. Please refer…
View More Guidelines for correct reporting of 197 Certificates while submitting TDS StatementsImplications of Non/Late filing of TDS Statements
Implications of Non/Late filing of TDS Statements has been given below: For Tax payers: Non/ Late etds filing results into the TDS Credit not being…
View More Implications of Non/Late filing of TDS StatementsTDS Compliance for 2nd Quarter of FY: 2015-16
TDS compliance for 2nd quarter of FY: 2015-16 has been given below: Last date for payment of tax deductions for September 2015 – 7th October,…
View More TDS Compliance for 2nd Quarter of FY: 2015-16Income Tax department to use email for issuing notices
In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond…
View More Income Tax department to use email for issuing noticesImportant Guidelines for payment towards liability on account of Tax Deducted / Collected at Source
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt…
View More Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source