FVU 6.1 & FVU 2.157 released by NSDL
The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157… Read more »
Key Features – File Validation Utility (FVU) version 6.1 & 2.157
File Validation Utility (FVU) version 6.1 Changes in field level validations for field “Deduction under section 16 (ia)” under Annexure II (Salary Details) of Form 24Q-Q4 In case section ID… Read more »
TDS statement should be filed after payment of interest for delay in payment of TDS to avoid demand notice
Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in payment of TDS should be… Read more »
What is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for levy of interest in case… Read more »
Validity of demand notice on filing an appeal to challenge the same
When a demand notice is served and an appeal or proceeding is filed or initiated with respect to the amount specified in the notice of demand (by the assessee) then… Read more »
TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)
Bengal Tea & Fabrics Ltd. Vs Dy. CIT (ITAT Kolkata) ITAT held that when no business operations of commission agent were carried on in India, commission earned by them would… Read more »