Category: TCS

Tax Collected at Source

New File Validation Utilities (FVUs) Version 8.9 & 2.185 released on 27th December, 2024

The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS/TCS returns before submission. This update introduces several enhancements and changes, effective from… Read more »

Points to remember regarding TDS statement

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Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »

TDS / TCS Compliance Reminder for October 2024

7th October 2024 – Due date for TDS / TCS payment for deductions/collections during September 2024 15th October 2024 – Due date of filing  TCS Return for Quarter 2 of Financial Year 2024-2025 30th October 2024 –… Read more »

CBDT Circular No. 09/2024 – Enhancement of Monetary Limits on Litigations

Reference to CBDT Circular No. 05/2024 dated 15th March 2024, the monetary limits has been revised vide Circular No 09/2024 dated 17th September 2024 for filing income tax appeals by… Read more »