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

Salary Details (Annexure II) : Form 24Q-Q4

Vide Notification No. 36/2019 by the Income Tax Department it had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given to Employees) with effect from FY:18-19. Correspondingly, the information to be provided by the employer in Annexure II of Form 24Q-Q4 (Salary Details – providing tax computation of each employee) […]

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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 […]

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CBDT Income Tax Income Tax Circular TDS TDS return

Revision of due date to issue Form 16

Form 16A for non salary deduction is to be issued within 15 days of filing the quarterly returns. However as per the Income Tax department in case of Form 16 (for salary deduction) the due date as per rule 31 was 31st May, 2017 which was the same as the due date to file TDS […]

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CBDT Income Tax Newspaper clippings NSDL TIN NSDL Traces

I-T department warns taxpayers against fraudulent emails

The Income Tax Department warned tax payers against phishing/fraudulent refund emails saying it does not seek details of personal information like PIN through e-mail. “The Income Tax Department does not send e-mail requesting your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts,” the department said. Listing out dos-and-donts, […]

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CBDT Income Tax Newspaper clippings NSDL PAN TDS TIN NSDL Traces

Income Tax department launches upgraded website for taxpayers

The Income Tax department has launched an upgraded version of its official web portal featuring better links for taxpayer services and grievance redressal. The new website features a special link for ‘taxpayer services’ on the main page and it subsequently navigates the user to all important works that a person needs to get done from […]

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CBDT Income Tax NSDL TCS TDS TIN NSDL Traces

Key Features -File Validation Utility (FVU) version 4.8

1. Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015. 2. Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has […]

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