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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TDS TDS certificates TIN NSDL Traces

Key feature of FVU version 2.138

Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TDS TDS certificates TIN NSDL Traces

Key feature of FVU version 4.2

Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TDS TDS certificates TIN NSDL Traces

Online TDS Statement Correction without Digital Signature at TRACES

CPC (TDS) has provided new enhanced features, to further add to the convenience of online facility of filing corrections to the TDS Statements. With this feature, you will be able to submit Online Corrections at TRACES without even having a Digital Signature. Currently over 20,000 deductors are already using the online facility for corrections. To […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TDS TDS certificates TIN NSDL Traces

Steps for filing Rectification request on receipt of demand notice due to mismatch of Income Tax

The CBDT has noted that many taxpayers are committing mistakes while furnishing their tax credit claims in the return of income. Such mistakes include: quoting of invalid/incorrect TAN; quoting of only one TAN against more than one TAN tax credit; furnishing information in wrong TDS Schedules in the Return Form; furnishing wrong challan particulars in […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TDS TDS certificates TIN NSDL Traces

Points to remember while filing TDS statements for 4th Quarter of FY: 2013-14

One should take care of the following information before submitting TDS return for 4th Quarter of Financial Year 2013-14 Payment of Taxes deducted/ collected: In accordance with Central Government Account (Receipts and Payments) Rules, 1983, Government dues are deemed to have been paid on the date on which the cheque or draft tendered to the bank, […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TCS return TDS TDS certificates TDS return TIN NSDL Traces

Nil TDS Statement / Declaration – Overview

TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant quarter. What is the benefit of filing a Nil TDS Statement? The benefit of this facility is that instead of filing nil TDS/TCS Statement for a particular quarter/period, one just needs […]

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