Key features of FVU version 2.135
Change in validation of quarterly TDS/TCS statement wherein Book entry flag should not be provided in the challan details in case of nil challan\nil transfer voucher. Change in name of… Read more »
Category: CBDT
Key features of FVU version 3.9
Change in validation of quarterly TDS/TCS statements are as below: Book entry flag should not be provided in the challan details for nil challan/nil transfer voucher for all the financial… Read more »
New File Validation Utilities (FVU 3.9 and FVU 2.135) released by NSDL
The Income Tax Department has released the following new File Validation Utilities on 12 August 2013 which would be mandatory from September 01, 2013: FVU version 2.135 up to FY… Read more »
Complete Upload Procedure of e-TDS/TCS/AIR Online Return
NSDL e-Governance Infrastructure Limited launched an online upload of e-TDS return facility enabling entities to directly furnish (upload) their e-TDS returns (Form 24, 26 and 27 only) to the TIN… Read more »
Interest on late deposit of TDS – 3 % for delay of one day
Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of deposit…. Read more »
Deductors not depositing TDS by due date are liable for prosecution
Tax deductors who default in depositing TDS by due date shall be liable for prosecution: CBDT Central Board of Direct Taxes (CBDT) issued a press release in which CBDT said… Read more »