CSI Download – Options through the Income Tax Portal
CSI file is provided by the Income Tax Department through its web portal for validating the Payment Challans reported in the quarterly TDS / TCS Return. CSI File is mandatory… Read more »
Category: TCS return
New File Validation Utilities (FVUs) Version 9.4 & 2.190 released on 1st April, 2026
The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This updated version would address the following:… Read more »
Correction Statements: Limited to the Last Six Years
Starting from 1st April 2025, a significant change is being introduced regarding the filing of Correction Statements. Under the current provisions, taxpayers have the flexibility to file correction statements for… Read more »
Section 206C(1F): TCS on Sale of Motor Vehicles and Luxury Goods
Section 206C(1F) of the Income Tax Act, 1961 requires sellers to collect tax at source (TCS) on the sale of motor vehicles exceeding a prescribed threshold. Effective from 1st April 2025,… Read more »
New File Validation Utilities (FVUs) Version 9.3 & 2.189 released on 23rd January, 2026
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. FVU Version 9.3 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11… Read more »
Section 206C(1) of the Income Tax Act: Tax Collection at Source (TCS)
Section 206C(1) of the Income Tax Act, 1961 mandates the collection of tax at source (TCS) by sellers related to specific goods. It applies at the time of debiting the… Read more »