Given below are the points one should remember before filing quarterly TDS statement:
- Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report correct and valid particulars (TAN of the deductor, Category (Government / Non-Government) of the deductor, PAN of the deductees and other particulars of deduction of tax) in the quarterly TDS statement
- Quote correct and valid lower rate TDS certificate in TDS return wherever the TDS has been deducted at lower / zero rate on the basis of certificate issued by the Assessing Officer
- Last provisional receipt number to be quoted in regular TDS / TCS statements: While filing new regular (original) TDS statement, it is mandatory to quote the last accepted provisional receipt number of the regular quarterly TDS / TCS statement of any form type
- TDS return cannot be filed without quoting any valid challan and deductee row
- Late TDS filing fee, being statutory in nature, cannot be waived
- Download PAN Master from TRACES and use the same to file new statement to avoid quoting of incorrect and invalid PAN
- Validate PAN and name of fresh deductees from TRACES before quoting it in TDS statement
- Download TDS certificate (Form16A) from TRACES (http://www.tdscpc.gov.in) bearing unique TDS certificate number and issue to the taxpayers within due date
- File correction statements promptly in case of incomplete and incorrect reporting
- Download the justification report to know the details of TDS defaults, if any, on processing of TDS statement
- Do view your Dashboard regularly to know about your TDS performance
- Government deductors should obtain BIN (Book Identification Number) from their Accounts Officer (AIN holder) in time and quote the same correctly in TDS statement
Dear Sir
Our Liability as on 31.3.2014 due we have failed to do payment on 30.04.2014 so Kindly please explain us what is the due date for Tds payment deducted on 31.3.2014
Second thing what will be the interest calculation? in Months kindly suggest and co ordiante