Key Features – File Validation Utility (FVU) version 6.4 & 2.160

File Validation Utility (FVU) version 6.4 Addition of new columns under Annexure II for Form 24Q-Q4 with respect to Chapter VI-A deductions Newly added fields along with changes in existing… Read more »

Useful guidelines to avoid common mistakes while submitting TDS Statements

Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »

TCS Return – Last Date 15th October for Quarter 2

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15th October is the last date for filing  TCS Returns for FY:19-20, Quarter 2. Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and is… Read more »

7th October – last date for TDS & TCS payment

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7th October, 2019 is the last date for TDS and TCS payments for the deductions made in September 2019. Make sure to do the needful on time to avoid interest…. Read more »

Interest on Late Payment of TDS

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In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »