Centralized Processing Cell (TDS) has issued a reminder communication to all deductors who have filed TDS Statements in FY 2012-13 but have not filed TDS Statements for any Quarter in FY 2013-14 as yet. The issued communication has been given below: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), you have filed…
CPC (TDS) has issued a reminder communication for etds filing, where TDS has been paid, however, Quarterly TDS Statements are not filed. CPC (TDS) has observed from its records that some deductors have made payments for Tax Deducted but have not filed TDS statements for any quarter in FY 2013-14. CPC (TDS) has issued a…
CPC (TDS) has observed that some deductors have not filed TDS Statements for FY 2013-14, despite collecting lower deduction 197 Certificates from their deductees. The CPC (TDS) has issued a communication in this regard and has suggested deductors to file TDS Statements and take appropriate action for reporting deduction of tax against certificate 197 while filing. The…
1. Who is required to file e-TDS / e-TCS statement? As per Income Tax Act, 1961, all corporate and government deductors / collectors are mandatorily required to file their TDS / TCS statements on electronic media (i.e. e-TDS / TCS statements). However, deductors / collectors other than corporate / government can file either in physical…
CPC (TDS) has issued a reminder to the deductors regarding raising of Flag “B” in TDS Quarterly Statements against 15G/H Forms for FY 2013-14. The issued communication has been given below: Dear Deductor, As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made…
CPC (TDS) asks government deductors to quote AIN details in TDS Statements. The letter issued by CPC (TDS) is as follows: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), it has been observed that the Accounts Office Identification Number (AIN) has not been mentioned in the TDS statements submitted by you….
The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of Short Payment defaults in the quarterly TDS statements due to Unmatched Challans, before the Conso files can be downloaded from TRACES for the relevant statements. Following are key information to be noted in this regard: CPC(TDS) mandates to…
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements: Incorrect reporting of 197 Certificates: Please refer to the following guidelines for correct reporting of 197 Certificates: The Certificate Number should be of 10 digits with Alpha-numeric structure. Please refer to the following examples: Correct Format 1111AA111A Incorrect Format: 1111AA111A/194C Certificate Number…
Dear Deductor, As per the records of Centralized Processing Cell (TDS), there are Short Payment defaults, exceeding Rupees One Lakh, in the TDS Statement(s) submitted for various quarters of Financial Year 2013-14. The Short Payment default is on account of “Total amount of Tax Deducted” exceeding “Total amount of Tax Deposited”, as reported in your TDS…
According to CPC (TDS), there are outstanding short payment defaults for TDS statements filed by deductors. The letter issued by CPC (TDS) to deductors in this regard is given as followed: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), there are outstanding Short Payment Defaults for TDS Statements filed by you, however,…