Monthly Archives: October 2019

Interest on Late Payment of TDS

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In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »

Online TDS/TCS/Demand Payment using Challan ITNS 281

Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan ITNS 281: 1. Tax Applicable… Read more »

TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)

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    TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment  Threshold Indv/ HUF Others     Rs. TDS Rate (%) 192 Salaries  –  Avg  – 192A Premature… Read more »

TDSMAN updated with FVU ver. 6.4 & FVU ver. 2.160

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TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.4 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.160 – For statement up to FY… Read more »

FVU 6.4 & FVU 2.160 released by NSDL

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The Income Tax Department has released by today (16th October 2019), the following new File Validation Utilities: FVU version 6.4 – For statement pertaining to FY 2010-11 onwards FVU version… Read more »

Key Features – File Validation Utility (FVU) version 6.4 & 2.160

File Validation Utility (FVU) version 6.4 Addition of new columns under Annexure II for Form 24Q-Q4 with respect to Chapter VI-A deductions Newly added fields along with changes in existing… Read more »