New Update for Software

[SureTDS Group]

We have released the update of SureTDS Software, after incorporating
the changes released by the Income Tax Department. Please update your
SureTDS Software before creating the return file for Financial Year
2010-11. After updation the version of your software should be
10.1.10.10, and File Validation Utility version should be 3.00.

Please note that henceforth the PAN Validation limit of 85% and 95%
has been removed. Instead a new rule has been inserted whereby if a
deductee does not have PAN, TDS has to be deducted at the flat rate of
20% or higher as per the provisions of section 206AA of the Income Tax
Act. Thus for all normal deductions, PAN No. is mandatory.

Further all cases of Transport payment wherein TDS has not been
deducted due to availability of PAN of Transporter also need to be
reported from this quarter.

Correction Return Utility incorporating the new changes shall be
released soon.

Thanks & Regards.

Product Development Team
Cynosure Technologies P Ltd.