Duties of TDS Deductors
Deduct Tax at Correct Rate and deposit in Government Account-Sec 200 Every person responsible for deducting tax at source shall at the time of payment or credit of income, whichever… Read more »
Monthly Archives: June 2015
TDSMAN updated with new FVU ver. 4.7 & FVU ver. 2.143
TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.7 and FVU ver. 2.143) All licensed and trial users are advised to update the software… Read more »
FVU 4.7 and FVU 2.143 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 4.7-For statement pertaining to FY 2010-11 onwards. FVU version 2.143-For statements pertaining to FY 2007-08 to… Read more »
Key Features of File Validation Utility (FVU) version 2.143
Remark T (i.e. for transporter transaction and valid PAN is provided) under deductee details (Annexure I) will be applicable from Q3 of FY 2009-10 onwards. (Said validation will be applicable… Read more »
Key Features of File Validation Utility (FVU) version 4.7
Incorporation section code 192A and 194LBB: 192A & 194LBB have been added for below forms which will be applicable for statements pertain to FY 2015-16 & Q1 onwards. Section code… Read more »
Important steps with respect to payment of taxes
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS 280… Read more »