TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.7 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.163 – For statement up to FY 2009-10 To update TDSMAN – Click on: Utilities – Update Software Click here to view the key features of FVU version 6.7 & FVU…
The Income Tax Department has released by today (12th June 2020), the following new File Validation Utilities: FVU version 6.7 – For statement pertaining to FY 2020-21 onwards FVU version 2.163 – For statement up to FY 2009-10 Click here to view the key features of FVU version 6.7 & FVU 2.163 TDSMAN will incorporate…
File Validation Utility (FVU) version 6.7 Addition of new section code 194K (i.e. Income from Mutual Fund Units) for Form 26Q Same will be applicable for regular and correction statements pertaining to FY:2020-21 onwards This version of FVU is applicable with effect from June 12, 2020 File Validation Utility (FVU) version 2.163 There is no…
Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. Annexure I is the regular quarterly data for the months of January to March. Annexure II is the tax computation calculation information for each employee along with summary and tax deduction (TDS) for the whole financial…
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2020-21). Now you can prepare TDS Returns for Q4 of FY: 2019-20 and all quarters of the next FY: 2020-21: It covers: ✔ All TDS Returns for FY: 2020-21 ✔ All TDS Returns for FY: 2019-20 ✔ Pending TDS Returns of earlier…
Compliances for June 30th June – due date of filing TCS Returns for FY: 19-20, Quarter 4 (Jan – March) 30th June – due date of filing TDS Returns for FY: 19-20, Quarter 4 (Jan – March) Compliances for July 7th July – due date for TDS/TCS payment for deductions/collections during June
Last year, vide its Notification No. 36/2019 by the Income Tax Department had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given to Employees) with effect from FY:18-19. Correspondingly, the information to be provided by the employer in Annexure II of Form 24Q-Q4 (Salary Details – providing tax computation of…
CBDT vide Notification No. F.No.275/25/2020-IT(B) dated 31st March 2020 has provided relief to the applicants of certificates for lower or nil TDS / TCS, under section 195, 197, 206C of the Act for the FY 2020-21 owing the disruption caused by COVID-19. The date has been extended in the following cases: Assessees who have applied…
As per the press note issued by Department of Revenue, Ministry of Finance on 31/03/2020, the following has been mentioned related to TDS & TCS: “It has provided that reduced rate of interest of 9% shall be charged for non-payment of Income-tax (e.g. advance tax, TDS, TCS) Equalization Levy, Securities Transaction Tax (STT), Commodities Transaction…
7th June, 2020 is the due date for TDS and TCS payments for the deductions made in May 2020. Make sure to do the needful on time to avoid interest. COVID 2019 – No change in TDS / TCS payment dates