Category Archives: TCS certificates

Update TDSMAN immediately for the new TRACES integration

In the evening of 12th July 2013, TRACES has restructured their website which resulted in changes in the links of the different functions (such as downloading of consolidated statement, TDS… Read more »

Persons responsible to deduct TDS and the responsibilities of the deductor

The persons responsible to deduct TDS are mainly: Principal Officer of a company for TDS purpose including the employer in case of private employment or an employee making payment on… Read more »

Consequences of TDS defaults

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Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to deduct tax… Read more »

Correction Statements – FVU version 3.8 validation incorporated

NSDL had launched the new FVU version 3.8 with effect from 1st July 2013 with major changes. Owing to this, downloading of Consolidated TDS file from TRACES and subsequent preparation and… Read more »