Category: TCS certificates

Useful guidelines to avoid common mistakes while submitting TDS Statements

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Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »

FVU 6.2 & FVU 2.158 released by NSDL

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The Income Tax Department has released on 12th May 2019, the following new File Validation Utilities: FVU version 6.2 – For statement pertaining to FY 2010-11 onwards FVU version 2.158… Read more »

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

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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)

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    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 »

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

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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 »