Category Archives: TCS

Tax Collected at Source

NEW FVU 3.5 FILES RELEASED BY TIN-NSDL

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New File Validation Utilities – FVU 3.5 have been released pertaining to validation of eTDS & eTCS returns. FVU 3.5¬†will be applicable for quarterly TDS / TCS statements pertaining to… Read more »

TDS Credit without matching up to 5000/- A.Y. 2011-12

Few Months back Income tax department has issued instruction 01/2012 in which TDS matching with form 26AS was relaxed for assessment year 2011-12.In these instructions TDS claim can be accepted… Read more »

Changes in Tax Collection at Source (TCS) in Budget 2012

Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain goods like alcoholic liquor, tendu… Read more »