Key TDS & TCS Amendments in Budget 2023
The finance minister in her 2023 budget announced, that the intention of government is to maintain continuity as well as simplify taxation and reduce the burden of compliance for the… Read more »
Tag: IT Department
Union Budget 2023 – Proposed Changes in TDS & TCS
Reduction of TDS Rates applicable under Sec 192A in case of non-availability of PAN Presently, section 192A provides that TDS should be deducted at the rate of 10% of the… Read more »
New FVUs Version 7.8 & 2.174 released by NSDL on 23rd July 2022
Owing to some bug in last released TDS / TCS File Validation Utility, new versions of File Validation Utility (FVUs) for e-TDS/TCS statements has been released on 23rd July 2022. FVU… Read more »
Income Tax department gets new tech tool to identify, kill duplicate PAN
After years of labour, the Income Tax department has finally got a new technology tool to check the menace of duplicate PAN cards which also allows the taxman to ‘kill’… Read more »
Income Tax department to use email for issuing notices
In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for… Read more »
Things to note to avoid notice from Department
With the Income Tax Department becoming net savvy and going online, it has become very easy for them to identify discrepancies in your papers and to keep a close eye… Read more »