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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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New File Validation Utilities released – Effective from February 01, 2012

January 5th, 2012 by admin 11,462 comments »

NSDL has released two new File Validation Utilities – FVU 3.3 & FVU 2.131 pertaining to the validation of TDS & TCS returns.

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11,462 comments »

Posted in NSDL, TCS, TDS

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Register your TAN at the TIN-NSDL website

December 20th, 2011 by admin 26,317 comments »

Tax Information Network (TIN) has always been providing various facilities to deductors. One such facility provided under TIN is authenticated login (TAN account) provided to deductors/collectors at TIN website. Under this login, following functions are provided:

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26,317 comments »

Posted in NSDL

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

November 2nd, 2011 by admin 19,631 comments »


——–The amendment is applicable only for Govt. Deductors——–

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19,631 comments »

Posted in NSDL, TDS

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Correction in OLTAS Challan

October 22nd, 2011 by admin 3,314 comments »
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:

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3,314 comments »

Posted in NSDL

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