NSDL has sent an intimation to all the deductor/collector regarding due dates and filing of quarterly TDS return and TCS return. The intimation sent by NSDL has been…
View More Intimation about the Quarterly TDS/TCS due datesCategory: TCS certificates
TDSMAN updated with FVU ver. 5.2 & FVU ver. 2.148
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.2-For statement pertaining to FY 2010-11 onwards FVU ver. 2.148-For statement…
View More TDSMAN updated with FVU ver. 5.2 & FVU ver. 2.148FVU 5.2 & FVU 2.148 released by NSDL
The Income Tax Department has released today (17th September, 2016), the following new File Validation Utilities: FVU version 5.2-For statement pertaining to FY 2010-11 onwards…
View More FVU 5.2 & FVU 2.148 released by NSDLKey Features -File Validation Utility (FVU) version 2.148
Changes in Form 27A generated from File Validation Utility. The Quarter of the statement is made available in Form 27A as generated from FVU. Example:…
View More Key Features -File Validation Utility (FVU) version 2.148Key Features -File Validation Utility (FVU) version 5.2
Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: Aggregate rent payment exceeds rupees one lakh during the previous…
View More Key Features -File Validation Utility (FVU) version 5.2Advisory for taxpayers
Check your 26AS Tax credit statement regularly! 26AS statement contains tax credits available to taxpayer for claim in Income Tax Return along with information on…
View More Advisory for taxpayersFrequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of…
View More Frequently Asked Questions (FAQ) on Form 16/16AReasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…
View More Reasons to reject the correction in challan detail by TDS-CPCBasic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS ComplianceLate Filing of TDS Returns – Fees and Penalty
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 result in…
View More Late Filing of TDS Returns – Fees and Penalty