Healthy practices for error-free TDS returns has been given below:Â Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate…
View More Healthy Practices for Error-Free TDS ReturnsCategory: TCS
Tax Collected at Source
FVU 6.2 & FVU 2.158 released by NSDL
The Income Tax Department has released on 12th May 2019, the following new File Validation Utilities: FVU version 6.2 – For statement pertaining to FY…
View More FVU 6.2 & FVU 2.158 released by NSDLKey Features – File Validation Utility (FVU) version 6.2 & 2.158
File Validation Utility (FVU) version 6.2 Changes in FVU validations based on new changes in Annexure II (Salary Details) of Form 24Q-Q4 Validations related to…
View More Key Features – File Validation Utility (FVU) version 6.2 & 2.158TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)
 TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others   Rs. TDS Rate (%) 192 Salaries …
View More TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)TCS Return – Last Date 15th May
15th May is the last date for filing TCS Returns for FY:18-19, Quarter 4. Typically TCS is applicable on sale of items like scrap, forest…
View More TCS Return – Last Date 15th MayTDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
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…
View More TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial YearTDS Compliances for the Month of May 2019
7th May – last date for TDS/TCS payment for deductions/collections during April 15th May – last date of filing TCS Returns for FY: 18-19, Quarter…
View More TDS Compliances for the Month of May 201930th April – last date for TDS payment
Filing of TDS Returns for the quarter ended March 2019 (FY:2018-19 Quarter 4) is already under way since 1st April. Last date for payment of…
View More 30th April – last date for TDS paymentTDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
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…
View More TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial YearEmployers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return
The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or…
View More Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return