File Validation Utility (FVU) version 5.7 In case of non-availability of PAN of deductee for Form 27EQ, two new fields are introduced under deductee details which are as below: Field… Read more »
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government account by 7th of the… Read more »
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in the event the tax is… Read more »
CBDT has issued a clarification on TDS charged on the interest on deposits made under Capital Gains Accounts Scheme, 1988 if the depositor has deceased. As per the notification no… Read more »
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.6 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.152 – For statement up to FY… Read more »
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