TDS on Real estate Industry
Concept of TDS for Real estate Industry: Vide Finance Act 2013; concept of TDS on Real estate transactions was introduced in India. As per Newly inserted section 194IA, Any person,… Read more »
Tag: TDS
Correction Statements for F.Y. 2013-14 can now be prepared using FVU 3.9
As observed, the FVU version 3.8 released by NSDL was not allowing the preparation of Correction Statements for F.Y. 2013-14. On 12th August 2013, New File Validation Utlity (FVU version 3.9)… Read more »
Request for consolidated file temporarily suspended at TRACES
Consolidated file request functionality will not be available for deductors till 19th August, 2013. The functionality will be resumed from 20th August, 2013 onwards.
Key features of FVU version 2.135
Change in validation of quarterly TDS/TCS statement wherein Book entry flag should not be provided in the challan details in case of nil challan\nil transfer voucher. Change in name of… Read more »
Complete Upload Procedure of e-TDS/TCS/AIR Online Return
NSDL e-Governance Infrastructure Limited launched an online upload of e-TDS return facility enabling entities to directly furnish (upload) their e-TDS returns (Form 24, 26 and 27 only) to the TIN… Read more »
Interest on late deposit of TDS – 3 % for delay of one day
Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of deposit…. Read more »