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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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Preparation of correction TDS / TCS statement

July 16th, 2011 by admin 16,314 comments »

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.

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16,314 comments »

Posted in NSDL, TCS, TDS

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TIN-NSDL to provide TDS Certificate – Form 16A

July 15th, 2011 by admin 31,998 comments »

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.

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31,998 comments »

Posted in NSDL, TDS

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New & improved JS@eTDS Software released

June 16th, 2011 by admin 26,462 comments »

The JS@eTDS Software for the F.Y. 2011-12 has been released with many new features & added improvements and is economically priced at Rs. 1195/- only.

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26,462 comments »

Posted in Softwares, TCS, TDS

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New File Validation Utilities (FVU) released by NSDL

March 22nd, 2011 by admin 21,860 comments »

NSDL has released new File Validation Utilities (FVU) as under:-

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21,860 comments »

Posted in NSDL, TCS, TDS

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