Category: TDS

Tax Deducted At Source

FVU 4.1 and FVU 2.137 released by NSDL

      No Comments on FVU 4.1 and FVU 2.137 released by NSDL

The Income Tax Department has released the following new File Validation Utilities on 2nd January, 2014: FVU version 4.1-For Statements pertaining to FY 2010-11 onwards. FVU version 2.137-For Statements upto… Read more »

Key feature of FVU version 2.137

      3 Comments on Key feature of FVU version 2.137

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 »

Key feature of FVU version 4.1

      4 Comments on 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 »

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 »

Due date for payment of Advance tax extended to 17th December 2013

The tax payers are required to pay their december installment of Advance tax on or before 15th December, 2013. The taxpayers can make payments in the designated branches of the… Read more »

Clarification by TRACES on Challan Date

      3 Comments on 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 »