Category Archives: TCS return

Key Features – File Validation Utility (FVU) version 5.8 & 2.154

File Validation Utility (FVU) version 5.8 A new column for “Deduction under Section 16 (ia)” is added under Annexure II (i.e. Salary details) for Form 24Q-Q4 : The above referred… Read more »

Due Dates for the month of June 2018

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Please note the TDS/TCS Compliance dates for June 2018 as under: 7th June 2018 – Last date for TDS payment for deductions during May 7th June 2018 – Last date… Read more »

Fees for Late Filing of TDS Returns

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Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If you delay… Read more »

Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return

The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or proof in Form 12BB  to… Read more »