CHANGES IN ETDS
Listen to this Article
Changes in ETDS FOR Q4 EFILING 31.03.2011
Ø New FVU ver. 3.1 (F.Y. 2010-11 onwards) & ver. 2.130 (Upto F.Y. 2009-10) released by NSDL.
Ø New Flag “Y” may be selected in the field of ‘Reason for non deduction/ lower deduction/ higher deduction/threshold’ to highlight transactions where TDS is not deducted as the threshold for deducting tax has not exceeded. Applicable from F.Y. 2010-11 onwards for Form No. 26Q.
Ø Mandatory to quote Mobile No. for deductor category other than Central govt. and State Govt. Applicable from F.Y. 2010-11 onwards.
Ø Provision to quote the deduction under section 80CCF in salary details (applicable for 24Q Q4).
Category : Income Tax | Comments : 0 | Hits : 912
The Income Tax Department has recently carried out a nationwide verification exercise focusing on restaurants that may have suppressed their actual turnover. This action comes after an investigation c...
Selling property in India? You're probably worried about the capital gains tax bill that comes with it. Here's some good news—both the old and new tax regimes offer you ways to save big ...
Income Tax Alert - Here Are 5 High-Value Transactions That May Come Under Scrutiny. Large Cash Deposits: Any cash deposit exceeding Rs 10 lakh in a financial year across savings accounts draws...


Comments