TDS / TCS (Income Tax) – Information & Resource Bank
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,…