Due to some technical issues in the earlier file validation utility release (7.2 & 2.168), Department has released the updated versions of FVUs on 12/10/2021. Applicability: From October 13th, 2021… Read more »
TDS shall be deducted on interest paid on securities by the interest payer. 1. Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is… Read more »
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released today (October 1, 2021). The key features of this FVU is summarized below: File Validation Utility (FVU): FVU… Read more »
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan / Book Entry similar to TDS… Read more »
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment of TDS dues for which… Read more »
Extension of time limits for certain TDS compliances has taken place, to provide relief to taxpayers in view of the severe pandemic. Reference: Circular No. 12 dated 25th June 2021… Read more »