Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he…
View More Key feature of FVU version 4.1Category: TCS certificates
Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961
The Income Tax Department has issued a circular regarding Deferred Tax Liability on special reserves created section 36(1)(vii) of the Income Tax Act which is…
View More Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961Clarification by TRACES on Challan Date
TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards…
View More Clarification by TRACES on Challan DateThings to be done on receipt of demand notice u/s 234E Late Filing
What should One do on receipt of demand notice u/s 234E Late Filing? The default amount will have to be deposited through challan no. 281.…
View More Things to be done on receipt of demand notice u/s 234E Late FilingTDS on Income from Pension for Asstt. Year 2014-15
In the case of pensioners who receive their pension from a nationalized bank, the instructions contained in this circular shall apply in the same manner…
View More TDS on Income from Pension for Asstt. Year 2014-15Online request for refund of excess TDS deposited
Form 26B for online request for refund of excess TDS deposited has been enabled on TRACES. To apply online, please login to TRACES After Logging,…
View More Online request for refund of excess TDS depositedHow to check e-TDS Challan Status Query ?
TDSCPC.GOV.IN has provided a facility to check the Challan Status Query  vide which it can be checked that has there any challan not claimed by…
View More How to check e-TDS Challan Status Query ?Mandatory Quoting of PAN and TAN on TDS Certificate for AY: 2014-15
Section 203A of the Act makes it obligatory for all persons responsible for deducting tax at source to obtain and quote the Tax deduction and collection Account No (TAN) in the…
View More Mandatory Quoting of PAN and TAN on TDS Certificate for AY: 2014-15Preparation, validation and e-Filing of e-TDS Returns
e-TDS return has to be prepared in accordance with the file format prescribed by the Income Tax Department. NSDL has provided free downloadable utility at http://tin-nsdl.com for the purpose…
View More Preparation, validation and e-Filing of e-TDS ReturnsHow to file Nil Return
Nil return can be divided into two categories: 1. Nil eTDS return which have only Nil amount challan and no deductee details (We will refer…
View More How to file Nil Return