Category: TCS

Tax Collected at Source

FVU 4.5 and FVU 2.141 released by NSDL

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The Income Tax Department has released the following new File Validation Utilities on 20th December 2014:  FVU version 4.5-For Statements pertaining to FY 2010-11 onwards. FVU version 2.141-For Statements upto… Read more »

Key features of FVU version 4.5

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Incorporation of section 194LBA (Certain income from units of a business trust): Section 194LBA is applicable for Form no. 26Q and 27Q Section 194LBA is applicable for statements pertaining to… Read more »

CPC (TDS) follow up for Registration on TRACES

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CPC (TDS) has issued an advisory communications to the deductors in which it has stated that the deductors has filed tds statements for different quarters but they have not yet… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »

Request for download of Conso File will not be accepted in case there are unmatched challans in the selected statement

An important message has been displayed for the deductors on the TRACES website regarding downloading of conso file.  The displayed message has been given below:  Attention Deductors: Your request for… Read more »