File Validation Utility (FVU) Version 7.3 – Summary
The Income Tax Department released FVU Version 7.2 on 1st October 2021. Owing to some technical issue, it released the revised FVU Version 7.3 effective from 13th October 2021 without… Read more »
New FVUs Version 7.3 & 2.169 released by NSDL on 12th Oct 2021
Due to some technical issues in the earlier file validation utility release (7.2 & 2.168), Department has released the updated versions of FVUs on 12/10/2021. Applicability: From October 13th, 2021… Read more »
Section 193 – TDS on Interest on Securities
TDS shall be deducted on interest paid on securities by the interest payer. 1. Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is… Read more »
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… Read more »
Allocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan / Book Entry similar to TDS… Read more »
Section 194B: TDS on Winnings from Horse Races
TDS shall be deducted on winnings from horse races. 1. Applicability: Winning amount needs to be more than Rs 10,000. 2. Deductor: Any person shall deduct the tax at the… Read more »