TDSMAN

New File Validation Utilities (FVUs) Version 8.7 & 2.183 released on 28th June, 2024

New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of these FVUs are summarized as under: FVU Version 8.7 – Applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards. FVU Version 2.183 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to FY 2009-10….

Read More

Aggregated TDS Compliance

The PAN of an entity (Central Office, Headquarter etc.), having more than one TAN for its branches, associated with the referenced PAN, can review the ‘Aggregated TDS Compliance’ report on a regular basis for a summary of TDS compliance at organizational level. This feature provides a summary of TDS defaults of all respective TAN across…

Read More

What is TRACES?

TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online platform provided by the Income Tax Department of India. It facilitates the following services primarily related to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS): TDS/TCS Return Filing: Enables deductors and collectors to file their TDS and TCS returns electronically (Form…

Read More

TDS / TCS Certificates – Due Dates

The different types of TDS / TCS certificates need to be issued on time which is summarized in the table below: Form No. Certificate – Description Frequency Due Dates Form 16 TDS on salary payment Annually 15th June Form 16A TDS on non-salary payments Quarterly 15th August 15th November 15th Feb 15th June Form 27D…

Read More

TDS / TCS Compliances Reminder for May 2024

7th May 2024 – Due date for TDS / TCS payment for deductions/collections during April 2024 15th May 2024 – Due date of filing  TCS Return for Quarter 4 of Financial Year 2023-2024 30th May 2024 – Due date of issuing TCS certificate for Quarter 4 of Financial Year 2023-2024 31st May 2024 – Due date of filing TDS Return for Quarter 4 of Financial Year 2023-2024…

Read More