Category: General

Mandatory filing of TDS Statements and Issuance of TDS Certificates downloaded from TRACES

If tax at source has been deducted by you on various payments / credits but no TDS Statements have not been filed by you as yet. In this regard, your… Read more »

FVU 4.1 and FVU 2.137 released by NSDL

      No Comments on FVU 4.1 and FVU 2.137 released by NSDL

The Income Tax Department has released the following new File Validation Utilities on 2nd January, 2014: FVU version 4.1-For Statements pertaining to FY 2010-11 onwards. FVU version 2.137-For Statements upto… Read more »

Key feature of FVU version 2.137

      3 Comments on Key feature of FVU version 2.137

Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the… Read more »

Key feature of FVU version 4.1

      4 Comments on Key feature of FVU version 4.1

Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the… Read more »

Mandatory Quoting of PAN and TAN on TDS Certificate for AY: 2014-15

Section 203A of the Act makes it obligatory for all persons responsible for deducting tax at source to obtain and quote the Tax deduction and collection Account No (TAN) in the challans, TDS-certificates, statements and other documents. Detailed… Read more »

Key features of FVU version 2.136

      1 Comment on Key features of FVU version 2.136

Nil challans/transfer vouchers with deductee record: Validation as below is applicable: Nil challans/transfer vouchers need to mandatorily have deductee records. In deductee records, flag in the remarks for lower or non-deduction… Read more »