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TCS TCS certificates TCS payment TCS return TDS TDS certificates TDS payment TDS return TDSMAN Software

Procedure of preparing e-Returns for TDS / TCS

E-Returns for TDS / TCS was first introduced in 2002-03 and it has come a long way ever since. Currently, less than 1% are still on manually filed Returns. The generic procedure of preparing E-Return for fundamental understanding is summarized as below: Step – I The Income Tax Department has specified a data format in […]

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194IB CBDT Form 16 TAN TDS TDS certificates Traces

Section 194IB – TDS on Rent (for Individuals & HUF)

Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it is Rs. 50,000 or more per month. Salient features: Applicable only to individuals & HUF who are not under tax audit (under section 44AB) This section is applicable from 1st […]

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CBDT Income Tax NSDL PAN TAN TDS TDS certificates Traces

Preparing Salary TDS Return – Form 24Q (Q4)

Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular quarterly data for the months of January to March. – Annexure II is the tax computation calculation information for each employee along with summary and tax deduction (TDS) for the […]

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CBDT Income Tax NSDL TDS TDS certificates

Salary Details (Annexure II) : Form 24Q-Q4

Vide Notification No. 36/2019 by the Income Tax Department it had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given to Employees) with effect from FY:18-19. Correspondingly, the information to be provided by the employer in Annexure II of Form 24Q-Q4 (Salary Details – providing tax computation of each employee) […]

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CBDT PAN TDS TDS certificates TIN NSDL

TDS Returns Software for FY: 2022-23 Released

On popular demand, we are pleased to announce the release of TDSMAN (FY: 2022-23). Now you can prepare TDS Returns for all quarters of FY: 2021-22 and all quarters of the next FY: 2022-23. It covers: All TDS/TCS Returns for FY: 2022-23 All TDS/TCS Returns for FY: 2021-22 Pending TDS/TCS Returns of earlier years, if any Rectification […]

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CBDT Income Tax NSDL PAN TAN TDS TDS certificates Traces

Preparing Salary TDS Return – Form 24Q (Q4)

Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular quarterly data for the months of January to March. – Annexure II is the tax computation calculation information for each employee along with summary and tax deduction (TDS) for the […]

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