TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.161 –…
View More TDSMAN updated with FVU ver. 6.5 & FVU ver. 2.161Month: December 2019
Key Features – File Validation Utility (FVU) version 6.5 & 2.161
File Validation Utility (FVU) version 6.5 Addition of new section code 194N (i.e. “Payment of certain amounts in cash”) for Form 27Q Same will be…
View More Key Features – File Validation Utility (FVU) version 6.5 & 2.161FAQ 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…
View More FAQ on Online CorrectionInterest Liability for TDS Assessee-in-Default
A TAN holder who fails to deduct whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TDS Assessee-in-DefaultInterest Liability for TCS Assessee-in-Default
A TAN holder who fails to collect whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TCS Assessee-in-DefaultBudget 2019 – TDS on gross amount including incidental charges while purchasing of immovable property
Any person (buyer) who is liable to make payment while purchasing immovable property should deduct TDS mentioned u/s 194 – IA. If amount of ‘consideration’…
View More Budget 2019 – TDS on gross amount including incidental charges while purchasing of immovable propertyBudget 2019 – Relaxation of Section 201 in respect of payments to non-residents
If the deductor fails to deduct whole or any part of the tax or he fails to deposit the tax to credit of Central Govt.…
View More Budget 2019 – Relaxation of Section 201 in respect of payments to non-residents7th December – due date for TDS & TCS payment for November
7th December, 2019 is the due date for TDS and TCS payments for the deductions made in November 2019. Make sure to do the needful…
View More 7th December – due date for TDS & TCS payment for November