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Wednesday, September 17, 2025

Month: June 2019

TDSMAN updated with FVU ver. 6.3 & FVU ver. 2.159

TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.3 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.158 –…

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FVU 6.3 & FVU 2.159 released by NSDL

The Income Tax Department has released on 28th June 2019, the following new File Validation Utilities: FVU version 6.3 – For statement pertaining to FY…

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Key Features – File Validation Utility (FVU) version 6.3 & 2.159

File Validation Utility (FVU) version 6.3 & 2.159 Changes in FVU validations for accepting statements prepared for newly allotted TANs This FVU has been enhanced…

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FAQ on Online Correction

What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…

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Extension of filing of Form 24Q for FY:18-19 (Q4)

CBDT vide their Press Release dated 4th June 2019 has extended the due date of filing of TDS Returns for Form 24Q (Salary) from 31st May…

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Reasons to reject the correction in challan detail by TDS-CPC

Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…

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Lower Deduction / No Deduction of Tax from Salary

The Certificate for lower or no deduction of tax from salary is to be provided by the Assessee Officer on basis of application made by…

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FAQs on Correction Return Preparation more than once on the same Regular Return

How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS return can be furnished many times to make changes in the regular…

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Reasons for rejection of correction statement by TDSCPC

Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…

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Steps for requesting Form 16

The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…

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