Section 194D- TDS on Insurance Commission

TDS needs to be deducted on payment of insurance commission. Time of Deduction- TDS to be deducted at the time of payment or credit, whichever is earlier. Deductor- Any person who makes a payment in the form of remuneration or reward as part of the insurance business should deduct tax Deductee- The payment of interest […]


TDS / TCS Compliances Reminder for January 2022

7th January 2022 – Due date for TDS/TCS payment for deductions/collections during December 2021 15th January 2022 – Due date of filing  TCS Return for Quarter 3 of Financial Year 2021-2022 30th January 2022 – Due date of issuing TCS certificate for Quarter 3 of Financial Year 2021-2022 31st January 2022 – Due date of filing TDS Return for Quarter 3 of Financial Year 2021-2022 *Please ensure timely compliance to avoid interest and/or […]


New FVUs Version 7.4 & 2.170 released by NSDL – Key Features

New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released on 5th January 2022. The key features of this FVU is summarized as under: File Validation Utility (FVU): FVU Version 7.4 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11 onwards. FVU Version 2.170 – Applicable for quarterly TDS/TCS statements from FY […]

CBDT Income Tax NSDL PAN TAN TCS TDS TDS certificates TIN NSDL Traces

Types of Corrections in TDS Returns

There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details of deductor except the TAN No. can be modified. C2 Challan details: All details of the challan can be modified. C2 can include C1 type […]