Category: TDS

Tax Deducted At Source

TDSMAN updated with FVU ver. 4.5 & FVU ver. 2.141

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TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.5 and FVU ver. 2.141). All licensed and trial users are advised to update the software… Read more »

FVU 4.5 and FVU 2.141 released by NSDL

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The Income Tax Department has released the following new File Validation Utilities on 20th December 2014:  FVU version 4.5-For Statements pertaining to FY 2010-11 onwards. FVU version 2.141-For Statements upto… Read more »

Key features of FVU version 4.5

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Incorporation of section 194LBA (Certain income from units of a business trust): Section 194LBA is applicable for Form no. 26Q and 27Q Section 194LBA is applicable for statements pertaining to… Read more »

Important notifications displayed on TRACES website

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The following important notifications have been displayed on TRACES website: The original statement will be put on hold if Challan Mismatch/Challan Overbooked/PAN Errors has been identified in the preliminary check,… Read more »

CPC (TDS) follow up for Registration on TRACES

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CPC (TDS) has issued an advisory communications to the deductors in which it has stated that the deductors has filed tds statements for different quarters but they have not yet… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »