The key features of File Validation Utility (FVU) version 5.0 has been given below: Remark B is made applicable for Section code 192A (Payment of accumulated balance due to an employee) for Form 26Q. New Section code 194IA (Payment on transfer of certain immovable property other than agricultural land) has been added under list of sections…
CPC(TDS) has issued an advisory for deposit of tax deducted and demand for TDS defaults with respect to purchase of immovable property (26QB Statement-cum-challan). The issued advisory has been given below: The Centralized Processing Cell (TDS) provides important tips, for the convenience of Taxpayers, who have executed any transaction for Purchase of Immovable Property exceeding Rs….
The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others. In order to ensure that taxpayers are able to secure their E-filing account against any fraudulent attempts, the Income Tax Department has introduced a…
CBDT has issued a press release in which it has requested taxpayers to avail facility for online rectification. The issued press release has been given below: Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st April, 2016 Sub: Request to taxpayers to avail facility for…
Dear Buyer of Immovable Property, The Centralized Processing Cell (TDS) is pleased to inform the release of Online Correction facility for TDS statements filed in form 26QB, with respect to tax deducted at source on transfer of Immovable Property exceeding Rs. 50 Lakhs. The Online Correction facility at TRACES can be used for closure of…
CPC (TDS) has issued an advisory communication to the buyers 0f immovable property regarding filing of TDS statement in Form 26QB. The issued communication has been given below: Date of communication : 05/03/2016 Dear Buyer of Immovable Property, PAN (XXXXXXXXX), As per the information received in Annual Information return (AIR) through Registrar/Sub-registrar, you have executed transaction…