Legislative Updates for Global Payroll India
By Carolyn Cozart on Oct 29, 2012
Data Structure Changes to F24Q File
The Income Tax Department has revised the data structure in which TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) quarterly returns need to be filed.
This has an impact on the Q4 returns filed for the financial year 2012-13. The Change in FVU 3.6 (File Validation Utility) will accept submission of e-TDS returns in the revised data structure only.
Our Position Statement has been updated. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1401142.1