Category: TCS certificates

Key Features – File Validation Utility (FVU) version 6.2 & 2.158

TDSMAN May 13, 2019 No Comments

File Validation Utility (FVU) version 6.2 Changes in FVU validations based on new changes in Annexure II (Salary Details) of Form 24Q-Q4 Validations related to new fields as per the… Read more »

TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)

TDSMAN May 10, 2019 1 Comment

TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature… Read more »

TCS Return – Last Date 15th May

TDSMAN May 8, 2019 1 Comment

15th May is the last date for filing TCS Returns for FY:18-19, Quarter 4. Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and… Read more »

TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year

TDSMAN May 6, 2019 No Comments

From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has been made to separate out… Read more »

TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year

TDSMAN April 25, 2019 No Comments

From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has been made to separate out… Read more »

Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return

TDSMAN April 19, 2019 No Comments

The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or proof in Form 12BB to… Read more »