Category: TDSMAN Software

Waiver of Interest under section 220(2A) by Commissioner

The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the taxpayer under section 220(2), if… Read more »

TDSMAN updated with FVU ver. 6.1 & FVU ver. 2.157

TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.1 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.157 – For statement up to FY… Read more »

FVU 6.1 & FVU 2.157 released by NSDL

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The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157… Read more »

Key Features – File Validation Utility (FVU) version 6.1 & 2.157

File Validation Utility (FVU) version 6.1 Changes in field level validations for field “Deduction under section 16 (ia)” under Annexure II (Salary Details) of Form 24Q-Q4 In case section ID… Read more »

TDS statement should be filed after payment of interest for delay in payment of TDS to avoid demand notice

Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in payment of TDS should be… Read more »

TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)

Bengal Tea & Fabrics Ltd. Vs Dy. CIT (ITAT Kolkata) ITAT held that when no business operations of commission agent were carried on in India, commission earned by them would… Read more »