Category: TCS certificates

New challan file for TDS/TCS payments

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You can download the new challan file for TDS/TCS payments from the following link:  Download New challan file  This file includes field for payment of late fee u/s 234E.  

Key features of FVU version 2.134

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Addition of filler fields in: Deductor details (BH record) Challan details (CD record) Deductee details (DD record) Salary details (SD record). Applicable in case of 24Q, Q4. Quarterly TDS/TCS statement… Read more »

New File Validation Utilities (FVU) released

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The Income Tax Department has released the following new File Validation Utilities on 29th June 2013 which would be applicable from 1st July 2013:  FVU Ver. 3.8-Applicable from FY: 2010-11… Read more »

Penalty Chart under the Income Tax Act, 1961

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Given below is the chart which shows section under which penalty can be imposed, nature of default and quantum of penalty. PENALTIES UNDER INCOME TAX ACT Section Nature of Default… Read more »