We are sharing with you some insights on good practices related to tax deductions for non-salary related payments: Based on the type of payment, make sure the Section is properly determined For each Section, be aware of the threshold limit applicable for exemption of deductions Check out the percentage of tax to be deducted This…
Steps Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections Generate the correction return Submit The correction return to NSDL Use TDSMAN one of the leading softwares for preparing correction returns
Steps for registration and e-filing of Form 15G and Form 15H Below are the steps for registration and e-filing of Form 15G and Form 15H at the Income Tax India e-filing portal. Registration You need to visit Income Tax India e-filing portal www.incometaxindiaefiling.gov.in. There you need to either login or get registered. For registration click…
The advantages of Using TDSMAN Online are as follows Cloud based platform High Data Security Handling of large Data Always updated Software Pay as per you use Accessible from Multiple Devices Prepare returns from Rs. 299 onwards Latest IT Departments FVU(File Validation Utility) Go to www.tdsmanonline.com now, create an account, log in and prepare your TDS /TCS…
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.6 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.152 – For statement up to FY 2009-10 Please click on “Update Software” in “Utilities” menu to update software and FVU ver. 5.6 & FVU ver. 2.152 utilities. Click here to view…
The Income Tax Department has released today (7th October, 2017), the following new File Validation Utilities: FVU version 5.6 – For statement pertaining to FY 2010-11 onwards FVU version 2.152 – For statement up to FY 2009-10 Click here to view the key features of FVU version 5.6 Click here to view the key features…
Change in validations for all section codes available for Form 27EQ Remark “C” (i.e. for higher rate deduction) is made applicable for all sections available for Form 27EQ. “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’. In such case, total TCS amount has…
Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement GSTN no. should be 15 digit alpha-numeric value. In case the number is less than 15 digits FVU will populate an error message “Invalid value. Please provide valid 15 digit GSTN” Applicable for regular and correction (C1,…
Please note that 7th Octoberis the last date for TDS and TCS payments for the deductions made in September 2017. Make sure to do the needful on time to avoid interest. TCS returns have to be filed by 15th October and TCS certificates are to be issued within 30th October. Filing of TDS Returns for…
Prepare Returns for all Forms -24Q, 26Q, 27Q, 27EQ Prepare Correction statements Covers all previous financial years Import Data from Excel and Conso file Multi user option available (at additional cost) Eliminate PAN errors Predict Defaults before return submission Auto Tax Calculations Prompt Support on phone/email Fully integrated with TRACES