January 4, 2023

Owing to some technical issues in last released TDS / TCS File Validation Utility, new versions of File Validation Utility (FVUs) for e-TDS/TCS statements has been released by the department on 4th January 2023. FVU Version 8.0 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11 onwards. FVU Version 2.176 – Applicable for quarterly…

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Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business Trust

TDSMAN2 years ago2 years ago03 mins

Deductor- The Indian Company or a business trust paying interest income Deductee- A non-resident, not being a company, or to a foreign company Time of Deduction- At the time of credit or payment, whichever is earlier. Rate of TDS- 5%. In addition to the same, the Education Cess and SHE Cess is to be added…

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New FVUs Version 8.0 & 2.176 released by NSDL on 4th January 2023

Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business Trust