On behalf of the I.T. Dept., NSDL has released the new File Validation Utility (FVU Ver. 3.0) for all eTDS/eTCS returns to be filed on and after 01.10.2010.
JS@eTDS (F.Y. 2010-11) Update released on 05.10.2010 in compliance to the new statutory changes
October 7th, 2010 by admin 2,031 comments »Income Tax Dept. releases new File Validation Utilities (FVU) on 01.10.2010
October 4th, 2010 by admin 1,615 comments »NSDL has released two new File Validation Utilities, details of which can be viewed from the following links:
JS@eTDS Software (F.Y. 2010-11) – Discount Coupon Offer
September 22nd, 2010 by admin 1,404 comments »As a special promotion, we are offering a discount coupon of Rs. 250/- on purchase of JS@eTDS Software (F.Y. 2010-11) from 22nd September, 2010 to 30th October, 2010. This discount coupon can be redeemed on purchase of JS@eTDS software for the financial year 2011-2012.
Higher (20%) TDS rate without PAN from 01.04.2010
September 13th, 2010 by admin 14,221 comments »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 is not available. The law will also apply to all non-residents in respect of payments / remittances liable to TDS. As per the new provisions, certificate for deduction at lower rate or no deduction shall not be given by the assessing officer under section 197, or declaration by deductee under section 197A for non-deduction of TDS on payments shall not be valid, unless the application bears PAN of the applicant / deductee.
