Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of Demand Quantum of demand…
View More Consequences of TDS defaultsMonth: June 2017
Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…
View More Interest on Late Payment of TDSWhat is form 16C?
Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit…
View More What is form 16C?What is form 26QC?
From 1st June, 2017 individuals & HUF’s who are not under Tax Audit (under section 44AB) and does not have a Tax Account No. (TAN) while…
View More What is form 26QC?TDSMAN updated with FVU ver. 5.5 & FVU ver. 2.151
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.151 –…
View More TDSMAN updated with FVU ver. 5.5 & FVU ver. 2.151FVU 5.5 & FVU 2.151 released by NSDL
The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY…
View More FVU 5.5 & FVU 2.151 released by NSDLKey Features -File Validation Utility (FVU) version 5.5
Change in validation for the field “PAN of Lender” for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards: Existing Validation of…
View More Key Features -File Validation Utility (FVU) version 5.5Key Features – File Validation Utility (FVU) version 2.151
Verification of latest FVU version at the time of validation of e-TDS/TCS statement. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain…
View More Key Features – File Validation Utility (FVU) version 2.151Section 194IB – TDS on Rent (for Individuals & HUF)
Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it…
View More Section 194IB – TDS on Rent (for Individuals & HUF)Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deduction