Key feature of FVU version 4.1
Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the… Read more »
Category: TCS certificates
Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961
The Income Tax Department has issued a circular regarding Deferred Tax Liability on special reserves created section 36(1)(vii) of the Income Tax Act which is as under: DEFERRED TAX LIABILITY… Read more »
Clarification by TRACES on Challan Date
TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards some relevant guidelines related to… Read more »
Things to be done on receipt of demand notice u/s 234E Late Filing
What should One do on receipt of demand notice u/s 234E Late Filing? The default amount will have to be deposited through challan no. 281. Download conso file from TRACES… Read more »
TDS on Income from Pension for Asstt. Year 2014-15
In the case of pensioners who receive their pension from a nationalized bank, the instructions contained in this circular shall apply in the same manner as they apply to salary… Read more »
Online request for refund of excess TDS deposited
Form 26B for online request for refund of excess TDS deposited has been enabled on TRACES. To apply online, please login to TRACES After Logging, deductors can navigate to Statement… Read more »