FVU 5.5 & FVU 2.151 released by NSDL
The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151… Read more »
Key Features -File Validation Utility (FVU) version 5.5
Change in validation for the field “PAN of Lender” for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards: Existing Validation of structurally valid PAN for field… Read more »
Key Features – File Validation Utility (FVU) version 2.151
Verification of latest FVU version at the time of validation of e-TDS/TCS statement. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. While… Read more »
Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »
Last date for issuance of TDS certificates for Quarter 4 of FY: 2016-17 is 15th June, 2017
The last date for issuance of TDS certificates for the 4th Quarter of FY: 2016-17 is 15th June, 2017. The above is applicable for all other than government deductors. Delay… Read more »
Revision of due date to issue Form 16
Form 16A for non salary deduction is to be issued within 15 days of filing the quarterly returns. However as per the Income Tax department in case of Form 16… Read more »