Interest on Late Deduction of TDS
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in the event the tax is… Read more »
Tag: TCS statement
Steps for Preparing Correction Returns
Steps for Preparing Correction Returns Request for TDS (Consolidated) file from TRACES Download requested TDS (Consolidated) file from TRACES Upload TDS (Consolidated) file for correction into the software. This file is password protected [Password: TAN_Request… Read more »
TDSMAN updated with FVU ver. 6.8 & FVU ver. 2.164
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.8 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.164 – For statement up to FY… Read more »
FVU 6.8 & FVU 2.164 released by NSDL
The Income Tax Department has released by today (7th August, 2020), the following new File Validation Utilities: FVU version 6.8 – For statement pertaining to FY 2020-21 onwards FVU version… Read more »
Key Features – File Validation Utility (FVU) version 6.8 & 2.164
File Validation Utility (FVU) version 6.8 Addition of new section code 194J(a) and 194J(b) for Form 26Q Same will be applicable for regular and correction statements pertaining to FY:2020-21 onwards… Read more »
Difference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government account by 7th of the… Read more »