* 7th November – due date for TDS/TCS payment for deductions/collections during October, 2020 * Make sure to do the needful to avoid interest. …
View More Compliance for November, 2020Tag: TDS
Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied.…
View More Tips to avoid Defaults in TDS ReturnsFAQ about CONSO File
1. What is a Conso file? It is the consolidated data of the statements processed (regular & correction) for the relevant Financial Year, Quarter and…
View More FAQ about CONSO FileSpecial Discount on TDSMAN (FY: 2020-21)
Now you can prepare TDS/TCS Returns for all quarters of the next FY: 20-21 It covers: ✔ All TDS/TCS Returns for FY: 2020-21 ✔ All…
View More Special Discount on TDSMAN (FY: 2020-21)Sections under which interest for various defaults need to be paid
The sections under which interest for various defaults need to be paid are as follows: Section 234A for delay in filing the return of income…
View More Sections under which interest for various defaults need to be paidDifference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…
View More Difference between Late Payment & Late DeductionTDSMAN updated with FVU ver. 6.9 & FVU ver. 2.165
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.9 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.165 –…
View More TDSMAN updated with FVU ver. 6.9 & FVU ver. 2.165Key Features – File Validation Utility (FVU) version 6.9 & 2.165
File Validation Utility (FVU) version 6.9 • Section codes 194LBA(a) and 194LBA(b) for Form 26Q This section will be applicable for regular and correction statements…
View More Key Features – File Validation Utility (FVU) version 6.9 & 2.165Preparing Nil TDS Statement / Declaration
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Preparing Nil TDS Statement / DeclarationDo’s & Don’ts for TDS Returns
Given below are some do’s and don’ts for filing of TDS returns: Do’s Ensure that TDS return is filed with the same TAN against which…
View More Do’s & Don’ts for TDS Returns