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 […]

NSDL TCS TDS TDS certificates Traces

Section 194N – TDS on Cash Withdrawals

In an endeavor to reduce cash payments/withdrawals the Budget of 2019 introduced Section 194N; which states that TDS shall be deducted by the payer in case of cash withdrawal above a given threshold. Applicability: Applies in case of cash withdrawals of more than Rs 1 crore during a financial year. Applies to sum of money […]

CBDT Income Tax NSDL TCS TDS TDS certificates

TDS / TCS Compliances for October 2021

7th October 2021 – Due date for TDS / TCS payment for deductions / collections during September 2021 15th October 2021 – Due date of filing  TCS Return for Quarter 2 of Financial Year 2021-2022 30th October 2021 – Due date of issuing TCS certificate for Quarter 2 of Financial Year 2021-2022 31st October 2021 – Due date of […]

CBDT Income Tax TCS TDS TDS certificates TIN NSDL

New FVUs Version 7.2 & 2.168 released by NSDL – Key Features

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 Version 7.2 – Applicable for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards. FVU Version 2.168 – Applicable for quarterly e-TDS/TCS statements from FY 2007-08 […]