Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement GSTN no. should be 15 digit alpha-numeric…
View More Key Features – File Validation Utility (FVU) version 2.152Category: TDS certificates
TDS Certificates
7th October – last date for TDS & TCS payment
Please note that 7th Octoberis the last date for TDS and TCS payments for the deductions made in September 2017. Make sure to do the…
View More 7th October – last date for TDS & TCS paymentTDS Compliances for the month of October 2017
All tax deductions for September 2017 need to be deposited latest by 7th October 2017. Filing of TDS Returns for the quarter ended September 2017…
View More TDS Compliances for the month of October 2017What is Form 26AS?
Form 26AS is the acknowledgement of receipt of Tax Deducted at Source (TDS), It shows the deducted amount which is the credit available against the…
View More What is Form 26AS?Benefits of Using TDSMAN
Prepare Returns for all Forms -24Q, 26Q, 27Q, 27EQ Prepare Correction statements Covers all previous financial years Import Data from Excel and Conso file Multi…
View More Benefits of Using TDSMANTDS/TCS Compliances for August 2017
1. Last date for payment of tax deductions/collections for July – 7th August 2017. 2. Last date for issue of the TDS certificates for FY:17-18…
View More TDS/TCS Compliances for August 2017Tips to avoid Defaults in TDS Returns
Tips to avoid Defaults in TDS Returns § Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under…
View More Tips to avoid Defaults in TDS ReturnsBasic Principles of TDS Compliance
The Basic principles of TDS compliance are as follows Deduction of tax at correct rates at right time TDS needs to be deposited timely every…
View More Basic Principles of TDS ComplianceCalculation of Late Deduction interest
If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…
View More Calculation of Late Deduction interestConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of Demand Quantum of demand…
View More Consequences of TDS defaults