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Month: January 2021

Clarifications on new TCS provisions applicable from 1st October 2020

The Central Board of Direct Taxes (CBDT) has issued a detailed clarification on 29th September 2020, regarding the new TDS / TCS provisions set to…

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PDS Infotech Pvt. Ltd. on the News

Indeed, it is a great privilege for Team TDSMAN and our mother organization PDS Infotech Pvt. Ltd. to be on the news. TDSMAN Software is…

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Useful guidelines to avoid common mistakes while submitting TDS Statements

Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…

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Special Combo Offer on TDSMAN (FY: 2020-21 & 2021-22)

Get Standard Editions of TDSMAN (FY: 2020-21) & TDSMAN (FY: 2021-22) at Rs. 6300/- + GST @ 18% instead of Rs. 8400/- + GST@18% Click here to Order…

View More Special Combo Offer on TDSMAN (FY: 2020-21 & 2021-22)

Consequences of TDS defaults

Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…

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Preparing Salary TDS Return – Form 24Q (Q4)

Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular…

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TDSMAN updated with FVU ver. 7.0 & FVU ver. 2.166

TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 7.0 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.166 –…

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Basic provisions relating to due date for payment of TDS

The various items of payment on which tax is to be deducted by the payer has been provided  in Section 192 to 195. The tax…

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FVU 7.0 & FVU 2.166 released by NSDL

The Income Tax Department has released by today (2nd January, 2021), the following new File Validation Utilities: FVU version 7.0 – For statement pertaining to…

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Key Features – File Validation Utility (FVU) version 7.0 & 2.166

File Validation Utility (FVU) version 7.0 1. Addition of Section code 194O for Form 26Q • 194O – TDS on e-Commerce transactions This section will…

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