In the recent announcement as published in the NSDL-TIN web portal, from the FY 2010-11, instead of printing the Provisional Receipt No. (as provided in the Acknowledgement received on of submission of the TDS return), the Receipt No. is to be printed.
Receipt number to be quoted in Form 16/16A will be generated by TIN. The Receipt number [...]
View the complete document of TDS / TCS rates for Financial Year 2010-11 from the following link:
TDS-TCS-rates-FY-2010-11
As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS 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 is not available.
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Notification has been issued by Ministry of Finance, CBDT, amending the rules regarding Time and mode of payment to Government account of tax deducted/collected at source or tax paid under Section 192/206C, Certificates of tax deducted/collected at source or tax paid, Quarterly statement of deduction/collection of tax.
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Prepare Quarterly e-TDS/TCS Correction statement with RPU version 2.0 as per new data structure (with effect from October 01, 2009).
Prepare correction statement as per old data structure (accepted in TIN as per the old data structure) with RPU version 1.8.
