Due to some technical issues in the earlier file validation utility release (7.2 & 2.168), Department has released the updated versions of FVUs on 12/10/2021. Applicability: From October 13th, 2021… Read more »
TDS shall be deducted on interest paid on securities by the interest payer. 1. Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is… Read more »
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released today (October 1, 2021). The key features of this FVU is summarized below: File Validation Utility (FVU): FVU… Read more »
TDS shall be deducted on winnings from horse races. 1. Applicability: Winning amount needs to be more than Rs 10,000. 2. Deductor: Any person shall deduct the tax at the… Read more »
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than Rs 10,000 2. Deductor: Prize… Read more »
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »
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