Section 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at the rate of: –1% in… Read more »
Author Archives: TDSMAN
Reduction in TDS / TCS Rates
As part of the initiative in improving liquidity owing to the COVID crisis, it has been announced that TDS / TCS rates for non-salary payments will be reduced by 25%… Read more »
Types of Corrections in TDS Returns
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details… Read more »
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
TDSMAN updated with FVU ver. 6.8 & FVU ver. 2.164
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.8 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.164 – For statement up to FY… Read more »
FVU 6.8 & FVU 2.164 released by NSDL
The Income Tax Department has released by today (7th August, 2020), the following new File Validation Utilities: FVU version 6.8 – For statement pertaining to FY 2020-21 onwards FVU version… Read more »