Changes proposed in income tax law after demonetisation in 10 points
The government moved an amendment in the Lok Sabha, seeking to change income tax laws for taxing of undisclosed income in the wake of demonetisation.…
View More Changes proposed in income tax law after demonetisation in 10 pointsTDSMAN updated with FVU ver. 5.3 & FVU ver. 2.149
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.3 – For statement pertaining to FY 2010-11 onwards FVU ver.…
View More TDSMAN updated with FVU ver. 5.3 & FVU ver. 2.149FVU 5.3 & FVU 2.149 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 5.3-For statement pertaining to FY 2010-11 onwards FVU version 2.149-For statement…
View More FVU 5.3 & FVU 2.149 released by NSDLKey Features -File Validation Utility (FVU) version 2.149
1. Change in the encryption certificate present in the FVUs. Since existing encryption certificate present in FVUs is expiring on November 30, 2016, newly procured…
View More Key Features -File Validation Utility (FVU) version 2.149Key Features -File Validation Utility (FVU) version 5.3
1. Newly added fields for Form 27Q i.e. Email ID of deductee, Contact number of deductee, Address of deductee in country of residence & Tax Identification Number…
View More Key Features -File Validation Utility (FVU) version 5.310 Things about SMS alerts on Salary TDS Deduction
Here are 10 things to know about sms alerts on Salary TDS Deduction: 1) As many as 2.5 crore salaried taxpayers will now receive SMS…
View More 10 Things about SMS alerts on Salary TDS DeductionVarious types of defaults that may get generated on 26QB processing
Following are the types of Defaults that may get generated on 26QB processing:- 1.Short Deduction: Short deduction is computed when the rate at which TDS…
View More Various types of defaults that may get generated on 26QB processingCBDT notifies reporting of cash deposit b/w 09.11.2016 to 30.12.2016
Amendment in Rule 114B for compulsory quoting of pan in case of cash deposit exceeding Rs. 50000 in a single day or aggregating to more…
View More CBDT notifies reporting of cash deposit b/w 09.11.2016 to 30.12.2016Procedure to generate Form 16B
Form 16B shall be generated by TDS-CPC after the processing of Form 26QB (statement come Challan form) filed by buyer. Following are the steps to…
View More Procedure to generate Form 16BWhen and How to claim TDS Refund
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount…
View More When and How to claim TDS Refund