For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsCategory: TCS
Tax Collected at Source
New FVUs Version 7.4 & 2.170 released by NSDL – Key Features
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released on 5th January 2022. The key features of this FVU is summarized as…
View More New FVUs Version 7.4 & 2.170 released by NSDL – Key FeaturesSignificance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsCoexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021
Section 194Q – TDS on Purchase of Goods limits the scope and applicability of the Section 206C(1H) – TCS on Sale of Goods as the…
View More Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021Section 194P – Relaxation from filing ITR (Effective 1st Apr’21)
Relief to Whom? Senior Citizen is a resident of India and of age 75years or above during the previous year. Is liable to file return…
View More Section 194P – Relaxation from filing ITR (Effective 1st Apr’21)206AB & 206CCA Compliance Check – Quick Guide
The Income Tax Department has activated the online system to determine the ‘Specified Person’ on whom the higher rate of TDS / TCS will be…
View More 206AB & 206CCA Compliance Check – Quick GuideSection 194N – TDS on Cash Withdrawals
In an endeavor to reduce cash payments/withdrawals the Budget of 2019 introduced Section 194N; which states that TDS shall be deducted by the payer in…
View More Section 194N – TDS on Cash WithdrawalsFile Validation Utility (FVU) Version 7.3 – Summary
The Income Tax Department released FVU Version 7.2 on 1st October 2021. Owing to some technical issue, it released the revised FVU Version 7.3 effective…
View More File Validation Utility (FVU) Version 7.3 – SummaryTDS / TCS Compliances for October 2021
7th October 2021 – Due date for TDS / TCS payment for deductions / collections during September 2021 15th October 2021 – Due date of…
View More TDS / TCS Compliances for October 2021New FVUs Version 7.2 & 2.168 released by NSDL – Key Features
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released today (October 1, 2021). The key features of this FVU is summarized below:…
View More New FVUs Version 7.2 & 2.168 released by NSDL – Key Features