TDSMAN updated with FVU ver. 5.4 & FVU ver. 2.150
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.4 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.150 – For statement up… Read more »
Monthly Archives: February 2017
Key Features -File Validation Utility (FVU) version 2.150
Validation for non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated. Deductee/Collectee against which Form 26A/27BA has been generated at… Read more »
Key Features -File Validation Utility (FVU) version 5.4
Validation for PAN of Landlord field has been revised for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards. Existing Validation of structurally valid PAN (for field no…. Read more »
Where TDS is applicable and how relief is availed
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual the hassle of paying tax… Read more »
TDS default: Income Tax department issues over 850 prosecution notices
The Income Tax department has issued over 850 prosecution notices to firms in the private and government domain in Karnataka and Goa on charges of delay in remitting TDS funds… Read more »
Budget 2017: Paying rent over Rs 50,000 a month? Get ready to deduct 5% TDS
Individuals and HUFs paying rent of Rs 50,000 or more per month will now have to deduct 5% tax at source i.e TDS at the rate of 5%, as per… Read more »