CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults exceeding Rs. 1 Crore, with respect to TDS Statements filed by…
View More CPC (TDS) follow-up for closure of Short Payment Defaults in excess of Rupees 1 Crore in TDS Statements filed since FY 2007-08 onwardsCategory: TCS
Tax Collected at Source
Healthy Practices for Error-Free TDS Returns
Healthy practices for error – free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at…
View More Healthy Practices for Error-Free TDS ReturnsTDS and TCS Rates Chart for F.Y. 2014-15
TDS Rates for F.Y. 2014-15 Nature of Payment Made To Residents Threshold(Rs.) Company / Firm / Co-operative Society / Local Authority Individual / HUF If…
View More TDS and TCS Rates Chart for F.Y. 2014-15TDS Compliance for 4th Quarter of FY: 2014-15
Last date for payment of tax deductions for March 2015 – 30th April, 2015 Last date for filing of TDS returns for Q4 of FY:…
View More TDS Compliance for 4th Quarter of FY: 2014-15TDSMAN updated with FVU ver. 4.6 & FVU ver. 2.142
TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.6 and FVU ver. 2.142). All licensed and trial users are…
View More TDSMAN updated with FVU ver. 4.6 & FVU ver. 2.142Analysis of File Validation Utility (FVU) Version 4.6
The long awaited FVU has been released late evening on 20th April 2015. Brief analysis of the same is as under:Â Mandatory to quote PAN…
View More Analysis of File Validation Utility (FVU) Version 4.6FVU 4.6 and FVU 2.142 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 4.6-For statement pertaining to FY 2010-11 onwards. FVU version 2.142-For statements…
View More FVU 4.6 and FVU 2.142 released by NSDLKey Features of File Validation Utility (FVU) version 2.142
Quoting of PAN of responsible person for deducting/ collecting tax. This version of FVU will be applicable with effect from April 21, 2015.
View More Key Features of File Validation Utility (FVU) version 2.142Key Features of File Validation Utility (FVU) version 4.6
Quoting of PAN of responsible person for deducting/ collecting tax. Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e.,through…
View More Key Features of File Validation Utility (FVU) version 4.6Payment of taxes – Do’s & Dont’s
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used…
View More Payment of taxes – Do’s & Dont’s