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Due dates for filing eTDS returns changed w.e.f. 1st November, 2011

--------The amendment is applicable only for Govt. Deductors-------- Income Tax Department has changed the date for filing of quarterly eTDS returns for Govt. Deductors vide notification 57/2011 dated 24.10.2011 – The due date of filing eTDS returns has been extended by 15 days for first three quarters of the Financial year but remains ...

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Correction in OLTAS Challan

NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN. The fields that can be corrected by the Taxpayer through Bank are tabulated below: Sl. No. Type of Correction on Challan Period for correction request (in ...

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Preparation of correction TDS / TCS statement

As directed by DIT (Systems), deductors/collectors are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file is provided to registered TANs. Detailed procedure for registration of TAN and procuring consolidated TDS/TCS file is available at TIN website (www.tin-nsdl.com) under the service menu. In ...

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TIN-NSDL to provide TDS Certificate - Form 16A

CBDT has recently vide Circular No. 3/2011 permitted issue of certificate for tax deducted at source (TDS certificate) with digital signature for TDS from income other than salary income (non-salary TDS) in Form 16A. The Deductors exercising this option need to download Form 16A from the Tax Information Network (TIN) website. The ...

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Online Registration of TAN by TDS/TCS Deductors

The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided User ID and password for authenticated access. Benefit of registration The access will result in the following benefits to the deductors: •    View of status of all statements filed; •    Download of ...

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Higher (20%) TDS rate without PAN from 01.04.2010

A new provision relating to tax deduction at source (TDS) under the Income Tax Act 1961 will become applicable with effect from 1st April 2010. Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee ...

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General points to remember for filing eTDS / eTCS returns

1. Each e-TDS return file (Form 24, 26 or 27) should be in a separate CD/floppy. Also, each e-TDS return file should be in one CD/floppy. It should not span across multiple floppies.  In case the size of an e-TDS return file exceeds the capacity of one floppy, it should ...

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TDS, ADVANCE TAX & SA CHALLAN STATUS ON MOBILE

April 6th, 2012 by admin 12,276 comments »

SMS BASED SERVICE FOR CHALLAN STATUS

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12,276 comments »

Posted in NSDL, TCS, TDS

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26AS Statement : How to Get Tax Credit for Non Reflected Amounts

April 1st, 2012 by admin 25,036 comments »

Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is very simple –the bank is deducting tax and even depositing the said tax, but the TDS statement filed by them either does not reflect your name and PAN or wrong PAN is given. Therefore, the 26AS statement which is tax statement -does not reflect the amount as the said TDS amount was never reported by the bank.

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25,036 comments »

Posted in NSDL, TCS, TDS

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Post Union Budget 2012-13 TDS Rates for financial year (FY) 2012-13 and assessment year (AY) 2013-14

March 21st, 2012 by admin 31,578 comments »

The Rate Chart for the Financial Year 2012-13 i.e. Assessment Year 2013-14 is tabulated below:

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31,578 comments »

Posted in NSDL, TCS, TDS

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New File Validation Utilities – FVU 3.4 & 2.132

March 20th, 2012 by admin 2,929 comments »

New File Validation Utilities - FVU 3.4 & 2.132 has  been released pertaining to validation of eTDS & eTCS returns.

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2,929 comments »

Posted in NSDL, Softwares, TCS, TDS

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