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Thursday, December 25, 2025

Month: December 2018

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…

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TDSMAN updated with FVU ver. 6.0 & FVU ver. 2.156

TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.0 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.156 –…

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FVU 6.0 & FVU 2.156 released by NSDL

The Income Tax Department has released today (21st December, 2018), the following new File Validation Utilities: FVU version 6.0 – For statement pertaining to FY…

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Key Features – File Validation Utility (FVU) version 6.0 & 2.156

File Validation Utility (FVU) version 6.0 Field level validation for field “Certificate number issued by the Assessing Officer u/s 197 for non-deduction/lower deduction” have been…

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Payment of taxes – Do’s & Dont’s

Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for…

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TDS on Non-Salary Payments – Good Practices

We are sharing with you some insights on good practices related to tax deductions for non-salary related payments:  Based on the type of payment, make…

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Enhance Goodwill with TDS Compliances

For tax deductions of employees, vendors or others, one needs to ensure timely transfer of tax credit to their account. This is possible only by…

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Steps for Preparing Correction Returns

Steps: Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections…

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7th December – last date for TDS & TCS payment

Please note that 7th December 2018 is the last date for TDS and TCS payments for the deductions made in November 2018. Make sure to do the…

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