The Income Tax Department has released the following new File Validation Utilities on 12 August 2013 which would be mandatory from September 01, 2013: FVU…
View More New File Validation Utilities (FVU 3.9 and FVU 2.135) released by NSDLCategory: TCS
Tax Collected at Source
Complete Upload Procedure of e-TDS/TCS/AIR Online Return
NSDL e-Governance Infrastructure Limited launched an online upload of e-TDS return facility enabling entities to directly furnish (upload) their e-TDS returns (Form 24, 26 and…
View More Complete Upload Procedure of e-TDS/TCS/AIR Online ReturnDue Dates of TDS Payment
TDS Payment is liable to be made by any assesse who has deducted TDS at the time of incurring any expenditure. The Due Date for…
View More Due Dates of TDS PaymentIssuance of the TDS certificate (Form 16A)
TDS certificate is a certificate of tax deduction of source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of…
View More Issuance of the TDS certificate (Form 16A)Process of downloading Form 16A
The process of downloading Form 16A are as follows: 1. Login with your User Id and Password. 2. In the main menu, click Downloads >…
View More Process of downloading Form 16ACorrection Statements cannot be prepared for F.Y. 2013-14 using FVU 3.8
The newly released FVU version 3.8 (w.e.f 01/07/2013) by NSDL cannot be used for preparing Correction Statements for F.Y. 2013-14. Therefore, it is more likely…
View More Correction Statements cannot be prepared for F.Y. 2013-14 using FVU 3.8Process of using Pre-filled XML data in offline excel utility
This year Income Tax e filing portal has provided a new facilities of “Pre-filled XML data in offline Excel utility”on their website. The process of…
View More Process of using Pre-filled XML data in offline excel utilityMandatory for all Deductors to download TDS Certificate from TRACES website
As per Circular No. 01/2012 dated 09.04.2012, it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the…
View More Mandatory for all Deductors to download TDS Certificate from TRACES websiteFees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E – Levy of Fees Failure to submit TDS return on time will…
View More Fees and Penalty for Late Filing of TDS ReturnsBelated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed…
View More Belated Issue or Non Issue of TDS Certificate