National Securities Depository Ltd.
Depository for equity market in India
CBDT has issued an important instruction to all officers regarding refund of TDS without matching of tds amount with form 26AS. As per new instructions when an assessee approaches the Assessing Officer with requisite details and particulars in the form of TDS certificate as an evidence against any mismatched amount, the said Assessing Officer will…
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has been made to separate out the salary earnings of the current and previous employer. This is applicable in case the employee has earned from more than one employer during the…
As rent on plant & machinery and rent on property & furniture attracted different rate of TDS, there was lot of confusion which resulted in incorrect deductions leading to unintentional defaults. This has now been addressed and from the FY: 2013-14, Section 194I (Rent Payment) has now been bifurcated into two sections as under: 194I(a)…
Income Tax Department has released Income Tax Return (ITR ) 7 as applicable for persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) for e-filing of Returns for A.Y. 2013-14 of Financial Year 2012-13. ITR form can be downloaded from the following link: Download ITR Form…
TDSMAN has been updated in compliance with the significant structural changes as per the new File Validation Utilitiy-FVU Ver 3.8 that has come into effect from 1st July 2013. Click here to view the changes in this new FVU. All licensed and trial users are advised to update the software. Download Trial Version Place Order…
You can download the new challan file for TDS/TCS payments from the following link: Download New challan file This file includes field for payment of late fee u/s 234E.
Addition of filler fields in: Deductor details (BH record) Challan details (CD record) Deductee details (DD record) Salary details (SD record). Applicable in case of 24Q, Q4. Quarterly TDS/TCS statement (regular and correction) can be validated for statements pertaining to FY 2007-08 onwards. Discontinuation of Y type of correction statement. FVU version 2.134 is applicable…
Change in data structure of quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below: Alternate contact details like e-mail and contact no. of the deductor and responsible person may be provided. Quoting of TAN registration no. (if any) as provided by TIN. Minor head code is to be provided in challan details. Late fee…
The Income Tax Department through NSDL has released the latest File Validation Utility (FVU) Ver. 3.8 on 29/06/2013 which would be applicable from 01/07/2013. Both regular returns and correction statements will have to be validated through this new FVU. There are a quite a few significant changes in the procedure of preparing the eTDS Returns…
The Income Tax Department has released the following new File Validation Utilities on 29th June 2013 which would be applicable from 1st July 2013: FVU Ver. 3.8-Applicable from FY: 2010-11 onwards FVU Ver 2.134-Applicable from FY: 2007-08 till FY: 2009-10 Link to download-FVU 3.8 Link to download-FVU 2.134 Link to download-Key Features of FVU 3.8…