Relief is provided under section 89(1), if salary pertaining to another period is received in advance/ or in arrears during a financial year, leading to additional tax liability. What is… Read more »
The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This version addresses some of the errors… Read more »
What is Salary? Salary include Wages, Annuity or Pension, Gratuity and others as per Section 17(i). It also includes Perquisites as per Section 17(ii) and Profit in lieu of Salary… Read more »
7th May 2025 – Due date for TDS / TCS payment for deductions / collections during April 2025 15th May – Due date of filing TCS Return for Quarter 4… Read more »
7th April 2025 – Due date for TCS payment for collections during March 2025 30th April 2025 – Due date for TDS payment for deductions during March 2025 7th May… Read more »
CSI file is provided by the Income Tax Department through its web portal for validating the Payment Challans reported in the quarterly TDS / TCS Return. CSI File is mandatory… Read more »