Clarification on 194I
As rent on plant & machinery and rent on property & furniture attracted different rate of TDS, there was lot of confusion which resulted in incorrect deductions leading to unintentional… Read more »
Category: Traces
Download ITR -7 for Online Filing AY 2013-14
Income Tax Department has released Income Tax Return (ITR ) 7 as applicable for persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or… Read more »
TDSMAN updated with FVU Ver. 3.8
TDSMAN has been updated in compliance with the significant structural changes as per the new File Validation Utilitiy-FVU Ver 3.8 that has come into effect from 1st July 2013. Click… Read more »
New challan file for TDS/TCS payments
You can download the new challan file for TDS/TCS payments from the following link: Download New challan file This file includes field for payment of late fee u/s 234E.
Key features of FVU version 2.134
Addition of filler fields in: Deductor details (BH record) Challan details (CD record) Deductee details (DD record) Salary details (SD record). Applicable in case of 24Q, Q4. Quarterly TDS/TCS statement… Read more »
Key features of FVU version 3.8
Change in data structure of quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below: Alternate contact details like e-mail and contact no. of the deductor and responsible person may… Read more »