Friends, Now it is time to submit TDS return upto 15-05-2014 for Non-Government Deductors and 31-05-2014 for Government Deductors. Deductors should submit their return in time to avoid Late filing Fee under section 234E. In case deductors are facing some problem in their data they should submit either partial or Nil-Return as 24Q4 in time so that Late Filing fee may not be charged by Income Tax Department and further correction can be done as required.
Second step after filing TDS return is issuance of TDS certificate in Form 16. After addition two new fields like Reported income of previous employer or Reported Tds with previous employer in calculator sheet, Form 16 was not working properly. Now the same has been updated accordingly and can be used as Form 16 Part A. The same is also not mandatory to download from tdscpc.gov.in (TRACES)
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