Monthly Archives: April 2019

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 »

TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year

There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as follows: • When he changes… Read more »

Waiver of Interest under section 220(2A) by Commissioner

The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the taxpayer under section 220(2), if… Read more »

TDSMAN updated with FVU ver. 6.1 & FVU ver. 2.157

TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.1 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.157 – For statement up to FY… Read more »

FVU 6.1 & FVU 2.157 released by NSDL

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The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157… Read more »