TDS / TCS (Income Tax) – Information & Resource Bank
In this updated version changes have an impact only in Form 27Q wherein new ‘Nature of Remittances’ has been included. This is applicable to FY: 2024-25 (Quarter 2) onwards. These additions are summarized as under: 196B – Long-Term Capital Gains arising from Transfer of units referred to in section 115AB codes of Nature of Remittance…
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of these FVUs are summarized as under: FVU Version 8.7 – Applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards. FVU Version 2.183 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to FY 2009-10….
In this updated version changes have an impact only in Form 24Q (Annexure II) where the tax computation of each employee needs to be reported as part of the TDS Return. This applies only in the for Quarter 4. These changes are summarized as under: From FY:23-24 onwards, by default all employees are placed in…
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of these FVUs are summarized as under: FVU Version 8.5 – Applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards. FVU Version 2.181 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to…
CSI file is provided by the Income Tax Department through its web portal for validating the Payment Challans reported in the quarterly TDS / TCS Return. CSI File is mandatory to be downloaded from the portal and is supposed to be used at the time of generating the FVU file through the File Validation Utility….
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of these FVUs are summarized as under: FVU Version 8.4 – Applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards. FVU Version 2.180 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to…
The long awaited File Validation Utilities (FVUs) has been launched by the Income Tax Department, effective from 1st September 2023, which are as follows: FVU Version 8.2 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11 onwards. FVU Version 2.178 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to FY 2009-10. Primarily,…
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.151 – For statement up to FY 2009-10 Please click on “Update Software” in “Utilities” menu to update software and FVU ver. 5.5 & FVU ver. 2.151 utilities. Click here to view…
The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151 – For statement up to FY 2009-10 Click here to view the key features of FVU version 5.5 Click here to view the key features…
Validation for non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated. Deductee/Collectee against which Form 26A/27BA has been generated at Income Tax Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement….