Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »
Monthly Archives: October 2020
FAQ about CONSO File
1. What is a Conso file? It is the consolidated data of the statements processed (regular & correction) for the relevant Financial Year, Quarter and Form Type. 2. Why is… Read more »
Sections under which interest for various defaults need to be paid
The sections under which interest for various defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for defaSection 234Ault… Read more »
Difference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government account by 7th of the… Read more »
TDSMAN updated with FVU ver. 6.9 & FVU ver. 2.165
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.9 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.165 – For statement up to FY… Read more »
Key Features – File Validation Utility (FVU) version 6.9 & 2.165
File Validation Utility (FVU) version 6.9 • Section codes 194LBA(a) and 194LBA(b) for Form 26Q This section will be applicable for regular and correction statements pertaining to FY 2020-21 onwards…. Read more »