CPC (TDS) has released a follow up communication regarding Online Correction facility not availed after sending “Intermediate Communication for Short Payments” in course of processing of Original Quarterly TDS Statements. The issued communication has been given below: Dear Deductor,(TAN XXXXXXXXXX) As per the records of CPC (TDS), an Intermediate communication was sent to you intimating…
Under the provisions of section 203A of the Act, every person deducting tax (deductor) or collecting tax (collector) is required to obtain Tax Deduction and Collection Account Number (TAN) and quote the same for reporting of tax deduction/collection to the Income-tax Department. However, currently, for reporting of tax deducted from payment over a specified threshold…
CPC (TDS) has issued a follow up communication for the payment of outstanding late etds filling fees u/s 234E. In the communiation, CPC (TDS) has also mentioned about the action to be taken by the TANs associated with your PAN, in case of levy intimated u/s 234E. The issued communication has been given below: Dear…
CPC (TDS) has issued an advisory communication in which it has stated about the closure of late payment interest defaults in quarterly TDS Statements. It has requested the Principal Officer, State Bank of India to instruct the deductors associated with them to pay the late payment interest amount and file the TDS correction statement accordingly…
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of TAN’s TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), discrepancies have been observed with respect to your TAN in…
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given below: Dear Deductor,(TAN: XXXXXXXXXXXX) As per the records of the Centralized Processing Cell (TDS), discrepancies have been observed with respect to your TAN…
Given below are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to tax deductions/ collections made. Submission of TDS Statements within the due dates. Verification and Issuance of TDS Certificates within time. CPC (TDS) is now sending “Intermediate…
Dear Principal Officer, Name: PAN: Address: The consolidated defaults of various TANs belonging to you as per the records of Centralized Processing Cell (TDS) as on 23/10/2014 starting from F.Y. 2007 are given below. Financial year wise details of defaults are available online to you on TRACES (www.tdscpc.gov.in) under aggregated TAN compliance (https://www.tdscpc.gov.in/app/login.xhtml) Order u/s…
As per the records of the Centralized Processing Cell (TDS), this has been observed that there has been substantial delay in payment of the “amount of Tax Deducted” during the Financial Year 2013-14. In such case, this leads to Short/ Late Payment Defaults in your TDS Statements. CPC (TDS) has issued a follow up communication in…
Given below are some dos and don’t for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS payment has been made. Ensure that correct challan particulars including CIN and amount is mentioned. Correct PAN of the deductee is mentioned. Correct section is quoted against each deductee record….