TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.6 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.152 – For statement up to FY 2009-10 Please click on “Update Software” in “Utilities” menu to update software and FVU ver. 5.6 & FVU ver. 2.152 utilities. Click here to view […]
Tag: TDS/TCS statement
The Income Tax Department has released today (7th October, 2017), the following new File Validation Utilities: FVU version 5.6 – For statement pertaining to FY 2010-11 onwards FVU version 2.152 – For statement up to FY 2009-10 Click here to view the key features of FVU version 5.6 Click here to view the key features […]
Change in validations for all section codes available for Form 27EQ Remark “C” (i.e. for higher rate deduction) is made applicable for all sections available for Form 27EQ. “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’. In such case, total TCS amount has […]
Following are the types of Defaults that may get generated on 26QB processing:- 1.Short Deduction: Short deduction is computed when the rate at which TDS Deducted’ is less than 1%. Short Deduction Computation u/s 200A Sr. No Section Code Amount Paid / Credited as per 26QB (Rs.) TDS Deposited as per challan (s)(Rs.) Rate at […]
The due date to file TDS/TCS statement for government deductors has been extended by the CBDT for the following financial years: (i) FY 2012-13 – 2nd to 4th Quarter (ii) FY 2013-14 – 1st to 3rd Quarter Government deductors require AIN (Accounts Officers Identification Numbers) to file returns. The allotment of AIN was […]
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 the field of as below: In the deductee details (Form 27Q-Annexure I), name of the field Country to which Remittance made has been changed to […]