Deductors will not be able to file nil-returns after new File Validation Utilities (FVU 4.0 & FVU 2.136) are made applicable. This is because it…
View More Discontinuation of Nil returns in TDS returnsCategory: TDS certificates
TDS Certificates
FVU 4.0 and FVU 2.136 released by NSDL
The Income Tax Department has released the following new File Validation Utilities on 26 September, 2013 which would be mandatory from October 01, 2013: FVU…
View More FVU 4.0 and FVU 2.136 released by NSDLKey features of FVU version 4.0
Change in validation of Section code 194LC: Section code 194LC will be applicable only for deductor category (as per the statement) Company and Branch of…
View More Key features of FVU version 4.0Key features of FVU version 2.136
Nil challans/transfer vouchers with deductee record: Validation as below is applicable: Nil challans/transfer vouchers need to mandatorily have deductee records. In deductee records, flag in the…
View More Key features of FVU version 2.136TDS/TCS Compliances for 2nd Quarter of F.Y. 2013-14
Last date for payment of tax deductions/collections for September – 7th October, 2013 Last date of filing of TDS/TCS returns for Q2 of FY: 2013-14…
View More TDS/TCS Compliances for 2nd Quarter of F.Y. 2013-14Filing or Non-Filing of Income Tax Return u/s. 139(1) and u/s. 139(1C)
Specified class or classes of persons to be exempted from filing Return of Income [Section 139(1C)]. (1) Under section 139(1), every person has to furnish…
View More Filing or Non-Filing of Income Tax Return u/s. 139(1) and u/s. 139(1C)Mandatory requirement of furnishing PAN in all TDS statements u/s. 206AA
The non-quoting of PAN by deductees in many cases have led to delay in issue of refund on account of problems in the processing of…
View More Mandatory requirement of furnishing PAN in all TDS statements u/s. 206AATDS payment on property and how to obtain form 16B and 26QB
From June 2013, purchaser of property with value of Rs 50 lakh and above should deduct 1% TDS at the time of making payment. Here…
View More TDS payment on property and how to obtain form 16B and 26QBImportant advisory for deductors
Deductors are advised that the demand raised in the intimation u/s 200A can be closed only by making the payment and filing the corresponding correction…
View More Important advisory for deductorsDue Date for payment of TDS Deducted/Collected during August 2013 – 07 September, 2013.
The due date for payment of TDS deducted/collected during August is 07 September, 2013. Use the TDSMAN Software for smart & convenient filing of your…
View More Due Date for payment of TDS Deducted/Collected during August 2013 – 07 September, 2013.