FVU 4.5 and FVU 2.141 released by NSDL

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The Income Tax Department has released the following new File Validation Utilities on 20th December 2014:  FVU version 4.5-For Statements pertaining to FY 2010-11 onwards. FVU version 2.141-For Statements upto… Read more »

Key features of FVU version 4.5

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Incorporation of section 194LBA (Certain income from units of a business trust): Section 194LBA is applicable for Form no. 26Q and 27Q Section 194LBA is applicable for statements pertaining to… Read more »

Important notifications displayed on TRACES website

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The following important notifications have been displayed on TRACES website: The original statement will be put on hold if Challan Mismatch/Challan Overbooked/PAN Errors has been identified in the preliminary check,… Read more »

CPC (TDS) follow up for Registration on TRACES

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CPC (TDS) has issued an advisory communications to the deductors in which it has stated that the deductors has filed tds statements for different quarters but they have not yet… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »

CPC (TDS) : Online resolution of “Short Payment default“ on account of unmatched challans

TDSCPC has issued new instruction under which it has been directed to the the Tax deductors that if there are Short payment in a statement filed by deductor then deductor… Read more »