TDSMAN – Featured in (The Economic Times, Kolkata)
Indeed, a great privilege for Team TDSMAN as our Director, Mr. Ranjan Goenka has been featured by The Economic Times, Kolkata in their news daily on 7th April 2021. We… Read more »
Category: Income Tax
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 »
File Validation Utility (FVU) Version 7.3 – Summary
The Income Tax Department released FVU Version 7.2 on 1st October 2021. Owing to some technical issue, it released the revised FVU Version 7.3 effective from 13th October 2021 without… Read more »
Section 193 – TDS on Interest on Securities
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 FVUs Version 7.2 & 2.168 released by NSDL – Key Features
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 »
Section 194B: TDS on Winnings from Lottery, Game Shows etc…
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than Rs 10,000 2. Deductor: Prize… Read more »