TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.0 and FVU ver. 2.136). All licensed and trial users are advised to immediately update their software for preparing the TDS/TCS returns for FY: 2013-14. Click here to view the key features of FVU version 4.0 Click here to view the…
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 Company. This validation will apply for regular and correction statements. Incorporation of new section code 194LD: This Section code will be applicable for: Regular and correction statements pertaining to FY 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 – 15th October, 2013 Last date for issuance of TDS/TCS certificates for Q2 of FY: 2013-14 – 30th October, 2013
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 a return of his income on or before the due date, if his total income exceeds the basic exemption limit. (2) For reducing the compliance burden of small taxpayers, the…
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 statement.* * This information is as per the notification published on TRACES website.
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 eTDS / eTCS returns on time. Click here to order TDSMAN
Now, you can know the status and default information of the return by visiting the dashboard of your TRACES Account.
Here is an important judgement of the Honble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12-RAJASTHAN HIGH COURT] on following issue: Issue: Whether TDS is to be deducted on the amount of Service Tax charged on professional/ technical fees under Section…
Concept of TDS for Real estate Industry: Vide Finance Act 2013; concept of TDS on Real estate transactions was introduced in India. As per Newly inserted section 194IA, Any person, who purchases any immovable property (other than agricultural land) for a consideration, shall require to deduct tax at source @1% of the amount paid to…
As observed, the FVU version 3.8 released by NSDL was not allowing the preparation of Correction Statements for F.Y. 2013-14. On 12th August 2013, New File Validation Utlity (FVU version 3.9) has been released using which you can prepare your Correction Statements for F.Y. 2013-14. For more details, Click here