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… Read more »
Category: TAN
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… Read more »
CBDT optimist on Standard Operating Procedure – Urges taxpayers to file rectification request for TDS mismatches
SECTION 139D OF THE INCOME-TAX ACT, 1961 – FILING OF RETURN IN ELECTRONIC FORM – EXTENSION OF FACILITY TO TAXPAYERS TO VERIFY IF DEMAND IN THEIR CASE IS DUE TO… Read more »
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… Read more »
Late filing of TDS return – Penalties, Prosecution & Interest Calculation
The various provisions of TDS are statutorily required to be strictly complied with. Any default in compliance can attract, levy of interest, penalty and in certain cases initiation of prosecution… Read more »
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… Read more »