Section 194N – TDS on Cash Withdrawals
In an endeavor to reduce cash payments/withdrawals the Budget of 2019 introduced Section 194N; which states that TDS shall be deducted by the payer in…
View More Section 194N – TDS on Cash WithdrawalsFile Validation Utility (FVU) Version 7.3 – Summary
The Income Tax Department released FVU Version 7.2 on 1st October 2021. Owing to some technical issue, it released the revised FVU Version 7.3 effective…
View More File Validation Utility (FVU) Version 7.3 – SummaryNew FVUs Version 7.3 & 2.169 released by NSDL on 12th Oct 2021
Due to some technical issues in the earlier file validation utility release (7.2 & 2.168), Department has released the updated versions of FVUs on 12/10/2021.…
View More New FVUs Version 7.3 & 2.169 released by NSDL on 12th Oct 2021Section 193- TDS on Interest on Securities
TDS shall be deducted on interest paid on securities by the interest payer. Time of Deduction- TDS to be deducted at the time of credit…
View More Section 193- TDS on Interest on SecuritiesSection 192A- TDS on Payment of Accumulated PF Balance Due to an Employee
Deductor: TDS to be deducted at the time of payment by trustees of Employees’ Provident Fund Scheme, 1952 or any other person authorized under the…
View More Section 192A- TDS on Payment of Accumulated PF Balance Due to an EmployeeTDS / TCS Compliances for October 2021
7th October 2021 – Due date for TDS / TCS payment for deductions / collections during September 2021 15th October 2021 – Due date of…
View More TDS / TCS Compliances for October 2021New FVUs Version 7.2 & 2.168 released by NSDL – Key Features
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released today (October 1, 2021). The key features of this FVU is summarized below:…
View More New FVUs Version 7.2 & 2.168 released by NSDL – Key FeaturesAllocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsSection 194B: TDS on Winnings from Horse Races
TDS shall be deducted on winnings from horse races. 1. Applicability: Winning amount needs to be more than Rs 10,000. 2. Deductor: Any person shall…
View More Section 194B: TDS on Winnings from Horse RacesSection 194B: TDS on Winnings from Lottery, Game Shows etc…
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than…
View More Section 194B: TDS on Winnings from Lottery, Game Shows etc…