Wednesday, May 28, 2014

e-TDS :- Online TDS Statement correction without Digital Signature

CPC (TDS) provides with enhanced features, to further add to the convenience of online facility of filing corrections to the TDS Statements. With this feature, you will be able to submit Online Corrections at TRACES without even having a Digital Signature. Currently over 20,000 deductors are already using the online facility for corrections.



To avail the facility, it is requested to Login to TRACES and navigate to “Defaults” tab to locate “Request for Correction” from the drop-down list. Click to “Proceed” in absence of Digital Signature.



Pre-requisites for filing online Corrections:
  • Digital Signature is not mandatory to be registered on TRACES for raising online corrections.
  • Only Challan Correction is permissible in absence of Digital Signature. Digital Signature enables you to carry out PAN Corrections as well.
  • Correct KYC information needs to be submitted for the purpose of validation.
  • Online request can be submitted, only if there is a regular statement already filed and processed.
  • All previous corrections pertaining to the statement should have been processed and the processing status can be verified from the Dashboard.



Functionalities available without Digital Signature:
  • Challan/BIN Correction
  • A list of all Matched and Unmatched challans can be viewed by clicking the appropriate tab.
  • Matched challans can be corrected for “Amount Claimed as Interest and Others”. Please note that Matched challans cannot be tagged.
  • Unmatched challans can be corrected and tagged to Deductee rows in the statement.
  • In addition, NO CHALLAN, which has been used for other purposes outside the system, should be tagged.
  • The corrections to above challans can be reset by clicking the Reset tab, if this requires to be further corrected.
  • Additional Functionalities available with Digital Signature:




PAN Correction
  • Invalid to Valid PAN: The correct name of the Valid PAN will be displayed in “Name as per changed PAN”.
  • Valid to Valid PAN: If the new PAN entered is Invalid, a message is displayed in the “Action Status”. Please note that there is only one opportunity for a Valid to Valid PAN correction.
  • All the corrected rows can be viewed by clicking on “Show Edited Rows” on the screen



Action Summary:
  • After carrying out all the corrections, Action Summary can be referred for all changes carried out.
  • Please click “Confirm” for all intended changes and the statement is ready for submission.



Actions to complete Submission:
  • Please navigate to “Defaults” tab to locate “Corrections Ready for Submission”
  • Click on “Submit for Processing”, which will prompt to digitally sign the submission.
  • Once the correction is submitted successfully, a Token Number for the same will be available

e-TDS :- Demand Notice due to selection of Flag C as higher deduction of Tax.

Friends,   Deductors have received demand notices from Income Tax Department on account of short deduction or short payment etc.   Now, processing of TDS returns is very fast and intimations are being sent to deductors in short period.   Generally it has been found that after correcting PAN numbers, demand has not been removed by the Income Tax Department.   On inquiry from TRACES, it is clarified that deductor can not update all digits of PAN.   He may correct only two characters of PAN which were expected typographic error while preparing tds return.   After submitting correction return with Correct PAN's, Income Tax Department is charging 20% TDS on payments/credit as the deductor should have correct PAN at the time of payment / deduction of tax. 

               Now, question is that Can a deductor remove selection of  Flag C available under "Remarks (Reason for non-deduction / lower deduction / higher deduction / threshold) through regular statement ?. 

            Row, once selection with Flag C can not be deleted in correction TDS return in Annexure I, however data updation is possible.   Example for effected deductors are given below :- 

Example :-

Amount of Payment / Credit           Rs. 1,00,000.00
Section Code                                 94C
TDS deducted   2%                       Rs. 2000.00
PAN status                                    PANNOTAVBL   or PANAPPLIED
Flag used in Regular Statement       C                                                                           

Demand raised by I.Tax Deptt       20% =20000-2000=18000 + interest etc. 

                   The above position is complicated in the hand of deduction.  Neither he can delete row already  selected with Flag C in annexure I nor can pay Rs. 18000+ interest for removal of demand. 

Note :-
In case anyone have any solution of the above problem, he should share his experience with this article  so that others can avail benefit of the same. 

Replies :-
Mukesh Mittal :-
YES, YOU CANL UPDATE AMOUNT PAID & TDS WITH ZERO AMOUNT & ADD NEW ENTRIES WITH VALID DETAIL WITHOUT SELECTING FLAG C FOR HIGHER RATE



Friday, May 23, 2014

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Wednesday, May 21, 2014

Income Tax :- Mother's Name in PAN application alongwith Brith Certificate etc.

Friends,   CBDT has issued Notification No. 26 dated 16.05.2014 regarding some amendment in PAN application form 49A or 49AA.  Now, Mother's name will be available on PAN card if filled in PAN application.  It is optional.   Detail of notification is given below :- 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, 
SECTION 3, SUB-SECTION (ii)] 
 
GOVERNMENT OF INDIA 
MINISTRY OF FINANCE 
DEPARTMENT OF REVENUE 
CENTRAL BOARD OF DIRECT TAXES 
 
 Notification 
 
 
New Delhi, the 16th day of May, 2014 
 
 
     S.O. 2045 (E)- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules  further to amend the Income-tax Rules, 1962, namely:- 
 
1.  (1) These rules may be called the Income –tax (5th Amendment) Rules, 2014. 
     (2) They shall come into force on the date of their publication in the Official Gazette. 
 
2. In the Income-tax Rules, 1962, in Appendix II, for Forms 49A and 49AA, the following  Forms shall be substituted, namely:- 
 

 [Notification No. 26/2014][F.No.142/15/2013-TPL] 
 
 [Ashis Mohanty] 
 Under Secretary to Government of India 
 
Note: - The principal rules were published vide Notification S.O. 969 (E), dated 26th March, 1962 and last amended by Income-tax (4th Amendment) Rules, 2014 vide Notification S.O. 997 (E), dated the 1st April, 2014. 
 
Documents required for PAN application 
Document acceptable as proof of identity, proof of address and proof of date of birth as per Rule 114 of Income Tax Rules, 1962, for individual and HUF applicants.
Proof of IdentityProof of AddressProof of date of birth
Indian Citizens (including those located outside India)
(i) Copy of(i) Copy of(i) Copy of
a. Aadhaar Card issued by the Unique Identification Authority of India; ora. Aadhaar Card issued by the Unique Identification Authority of India; ora. Birth Certificate issued by the Municipal Authority or any office authorized to issue Birth and Death Certificate by the Registrar of Birth and Death or the Indian Consulate as defined in clause (d) of sub-section (1) of session 2 of the Citizenship Act, 1955 (57 of 1955); or
b. Elector’s photo identity card; orb. Elector’s photo identity card; orb. Pension payment order; or
c. Driving License; orc. Driving License; orc. Marriage certificate issued by Registrar of Marriages; or
d. Passport; ord. Passport; ord. Matriculation Certificate; or
e. Ration card having photograph of the applicant; ore. Passport of the spouse; ore. Passport; or
f. Arm’s license; orf. Post office passbook having address of the applicant; orf. Driving License; or
g. Photo identity card issued by the Central Government or State Government or Public Sector Undertaking; org. Latest property tax assessment order; org. Domicile Certificate issued by the Government; or
h. Pensioner card having photograph of the applicant; orh. Domicile certificate issued by the Government; orh. Affidavit sworn before a magistrate stating the date of birth
i. Central Government Health Scheme Card or Ex-Servicemen Contributory Health Scheme photo cardi. Allotment letter of accommodation issued by the Central Government or State Government of not more than three years old; or
j. Property Registration Document; or
(ii) Certificate of identity in Original signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted officer, as the case may be (in prescribed format) ; or(ii) Copy of following documents of not more than three months old
(a) Electricity Bill; or
(b) Landline Telephone or Broadband connection bill; or
(c) Water Bill; or
(d) Consumer gas connection card or book or piped gas bill; or
(e) Bank account statement or as per Note 2 ; or
(f) Depository account statement; or
(g) Credit card statement; or
(iii) Bank certificate in Original on letter head from the branch(alongwith name and stamp of the issuing officer) containing duly attested photograph and bank account number of the applicant (in prescribed format).(iii) Certificate of address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted officer, as the case may be (in prescribed format) or
(iv) Employer certificate in original(in prescribed format).
Note:Note:
1. In case of Minor, any of the above mentioned documents as proof of identity and address of any of parents/guardians of such minor shall be deemed to be the proof of identity and address for the minor applicant.1. Proof of Address is required for residence address mentioned in item no. 7.
2. For HUF, an affidavit made by the Karta of Hindu Undivided Family stating name, father’s name and address of all the coparceners on the date of application and copy of any of the above documents in the name of Karta of HUF is required is required as proof of identity, address and date of birth.2. In case of an Indian citizen residing outside India, copy of Bank Account Statement in country of residence or copy of Non-resident External (NRE) bank account statements (not more than three months old) shall be the proof of address.

Document acceptable as proof of identity and address as per Rule 114 of Income Tax Rules, 1962 for other than individual and HUF applicants
Sr. No.Status of applicantProof of Identity & Proof of Address
1.CompanyCopy of Certificate of Registration issued by the Registrar of Companies.
2.Partnership FirmCopy of Certificate of Registration issued by the Registrar of Firms or Copy of partnership deed.
3.Limited Liability PartnershipCopy of Certificate of Registration issued by the Registrar of LLPs
4.Association of Persons (Trust)Copy of trust deed or copy of certificate of registration number issued by Charity Commissioner.
5Association of Person, Body of Individuals, Local Authority, or Artificial Juridical PersonCopy of Agreement or copy of certificate of registration number issued by charity commissioner or registrar of cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person.
 

 
 

Friday, May 16, 2014

e-TDS : Statements Processed with Defaults or Processed without Defaults.

Friends,  Income Tax Department as provided a link to know whether your TDS statement submitted by  you has been processed with defaults or processed without defaults or pending for Processing etc.   On Traces (TDS Reconciliation Analysis and Correction Enabling System), Statement Status link is available under " Statement / Payments " as shown in below pictures.  This functionality is important in a way either you have received status of statement processed with defaults or processed without defaults etc. have been received or not from Income Tax Department, you may check  at any time at your end and submit correction statement accordingly to avoid further correspondence with Income Tax Department. To inquire the TDS statement status four type of selections are given :-
  1. Statement
  2. Token Number
  3. Statement Status
  4. During Last 3 Months.
                                  Status of Statement is also available in colours.   Green colour shows that your TDS statement has been processed without Defaults and other shows that statement has been processed with Defaults.  It is excellent way of presentation of TDS statement status. 



Help for Statement Status

  Fields marked by asterisk (*) are mandatory
  Enter Financial Year, Quarter and Form Type of the statement for which status is to be displayed
  Status of regular statement can be:
  • Not Available - Statement has not yet been received at TDS CPC
  • Pending for Processing - Statement has been received at TDS CPC / Statement received at TDS CPC is accepted and pending for challan matching / After challan matching is done for the accepted statement
  • Processed for Form 26AS - After generation of Form 26AS
  • Processed Without Defaults - Statement has been processed with no defaults
  • Processed With Defaults - Statement has been processed with defaults
 Status of correction statement can be:
  • Not Available - Statement has not yet been received at TDS CPC
  • Pending for Processing - Statement received at TDS CPC is accepted and pending for challan matching / After challan matching is done for the accepted statement
  • Pending for Analysis - Statement has been received at TDS CPC but rejected / on hold
  • Processed for Form 26AS - After generation of Form 26AS
  • Processed Without Defaults - Statement has been processed with no defaults
  • Processed With Defaults - Statement has been processed with defaults
Status of regular statement and all correction statements received at TDS CPC displayed for the selected Financial Year, Quarter and Form Type






Thursday, May 15, 2014

TDS :- Due Date is "15-05-2014" for filling TDS return.

Friends,           15th May, 2014 is last date for filing TDS return for the 4th Quarter of Financial Year 2013-14( Period 01.01.2014 to 31.03.2014).  There is no issue of Government Deductors or Non-Government Deductors.   15 days extra are being given  to Government Dedcutors  in filing TDS return for the Quarter 1, 2 or 3.   But in the 4th quarter there is no relaxation.   Therefore each deductor should file their return in time otherwise Income Tax Department charge penalty on late filing of TDS return.  


Sr. No.
Date of ending of the quarter of the Financial Year
Due Dates
1.
30th June
15th July of the Financial Year
2.
30th September
15th October of the Financial Year
3.
31st December
15th January of the Financial year
4.
31st March
15the May of the Financial Year immediately following the Financial Year in which deduction is made

Tuesday, May 13, 2014

e-TDS :- 20% TDS on Correct Pan Numbers in TDS statements.

Friends,    Approx one or more months back, I was in view that there is any lapse in the software of Income Tax department that they have charged 20% TDS on having correct Pan Numbers.   No doubt that the correct PAN's were updated through correction statements by deductor.  In the first attempt there was error in PAN's.   I had contacted customer care of TRACES but no satisfactory reply was received.   Generally, they told that send screen shoots of the error images along with active pan images etc.  Now again as I had asked them/TRACES for  the reason of charging of 20% on correct PAN , they have given below reply which is very serious for deductors :- 

Reply received from TRACES is given as under :- 

Dear Sir/Ma'am,

Thank you for contacting us, it is our pleasure to assist you.

Your query related to PAN error default is acknowledged.

It is to inform you that the provisions of section 206AA apply at the time of tax deduction, which happens   prior to the filing of statement. Thus, the deductor is expected to have a Valid PAN at the time of deduction. Only a typographical error is expected at the time of filing the TDS statement.

The demand in the hands of the deductors is being rectified in cases where the difference between the Invalid PAN and the Valid PAN is not more than 2 characters. This is being done in order to take care of the genuine typographical errors in data entry.

The rectification of demand in other cases is not done if the mismatch is more than two alpha characters & two numerics. Therefore, out of 10 characters in case of structurally valid PAN, 4 characters are being considered for rectification of demand.



Note : Please note that online Facility for PAN and Challan correction in TDS statements is now available at TRACES (www.tdscpc.gov.in). Please refer to the e-tutorials for necessary details.

Regards,
Team TDS CPC

                                 Keeping in view of the above details , deductors are required to take care in submission of PAN in  TDS return.   There are too many limitations for correction in PAN through correction statements by Income Tax Department.  


Friday, May 9, 2014

Income Tax :- Aggregate TDS Compliance at PAN level for all TAN associated with the PAN



Dear Deductor,

Greetings from CPC(TDS) team,

In our endeavor to facilitate improved TDS administration, CPC(TDS) feels glad to provide you with the feature of "Aggregated TDS Compliance" at PAN level for all TANs associated with the referenced PAN. Following are additional details related to the new feature.

What is meant by Organization's PAN:

The above indicates the PAN of an entity, having more than one TANs of its branches, associated with the referenced PAN. This will be the PAN of the Central Office, Headquarter etc., as may be appropriate. The said PAN must review the "Aggregated TDS Compliance" report on a regular basis to improve TDS compliance at Organization level.

What does the new feature offer:
-The above stated PAN can view TDS performance for all of its respective TANs by logging into TRACES as a Taxpayer.
-The Defaults generated for all the TANs can be viewed by using the feature. The following type of Defaults for the branches can be viewed:
  • Total Default
  • Short Payment Default
  • Interest on Payment Default u/s 201
  • Interest on Deduction Default u/s 201
  • Late Filing Fee u/s 234E
  • Interest u/s 220(2)
  • PAN Errors
-The respective TANs with Defaults in their TDS Statements can be pursued to get the above resolved by taking following actions:
  • Carrying out necessary corrections in the records reported in the TDS statements,
  • Paying the outstanding demand and
  • Submitting the Correction Statements at the earliest.
-The feature thus provides for a summary of Defaults, which assists in effective TDS administration, monitoring, control and compliance at Organization level.
The feature will be extremely useful for the purpose of complying with the provisions of Section 40(a)(ia) of the Income Tax Act, 1961 by the concerned entity, to ensure that correct information is disclosed in paragraph 27A/B of the Tax Audit Report (Form 3CD) u/s 44AB of the Act.

How to use the feature:
  • You are requested to Log in to TRACES as a Taxpayer, using your credentials.
  • Navigate to Aggregated TDS Compliance menu on the webpage.
  • Choose the views according to Financial Year (Download Option 1) or Default Type (Download Option 2) from the drop down lists.
  • Submit the Request to generate a Request Number.
  • The submitted request will be made "Available" in MS Excel format, under "Requested Downloads" in the "Download" menu. The reports will usually be made available within four hours of submission.
  • The report will be "Not Available" if there are No Defaults or there are statements yet to be processed. If you believe that either of the two is not true, the same can be reported to CPC (TDS).
  • The feature provides for the above information for Financial Year 2007-08 onwards.
The steps to use the functionality are easy and convenient, however, e-Tutorials for the above release will shortly be made available on the portal. You can reach out to us on ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.

CPC (TDS) is committed to provide best possible services to you.



CPC (TDS) TEAM

Thursday, May 8, 2014

Income Tax/ TDS :- 18 General Question Answers related to Form 16 or Form 16A

1-What is Form 16 / 16A?
  • It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of IT Act.
  • Form 16 is issued on deduction of tax by the employer on behalf of the employee under section 192 of IT Act, 1961.
  • Form 16A is issued if the deduction of tax is under any other provision of Chapter XVII-B of IT Act.
  • These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers u/s 203 of IT Act, 1961.

2-Is there any format for these certificates?
   Form 16 / 16A are issued as per the provisions of Rule 31(1).

3-How are these forms generated?
   These forms shall be generated by TDS CPC on processing the quarterly TDS / TCS statements filed by deductor. Deductor will have to raise a request for the same on TRACES. Deductor shall have the option to digitally sign the certificates.

4-What is the due date for the issue of these certificates?
  • Sr. No. Form Periodicity Due Date
  • 1           16         Annual       By 31st day of May of the
                                                  financial year immediately following
                                                  the financial year in which the income
                                                  was paid and tax deducted
  • 2        16A     Quarterly Within fifteen days from the due date
                                                     for furnishing the statement of tax deducted
                                                     at source under rule 31A

5-Due to non availability of PAN, tax has been deducted at higher rate. How can deductor provide Form 16 (Part A) / Form 16A without availability of PAN?
Valid PAN is mandatory for issuing Form 16 from TRACES. Correction statement is required to be filled to report the valid PAN for downloading Form 16 (Part A) / Form 16A.

6-What are the different matching statuses in Form 16 / Form 16A?
           Following are different matching statuses in Form 16 / Form 16A:
  • U – Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will be reflected only when payment detail in bank matches with details of deposit in TDS/TCS statement)
  • P – Provisional (Provisional tax credit is effected only for TDS / TCS statement filed by Government deductor. 'P' status will be changed to Final (F) on verification of payment details submitted by Pay and Account Officer (PAO))
  • F – Final (In case of non-government deductors, payment details of TDS / TCS deposited in bank by deductor have matched with the payment details mentioned in the TDS / TCS statement filed by deductors. In case of government deductors, detail of TDS / TCS booked in Government accounts have been verified by Pay and Account Officer (PAO))
  • O – Overbooked (Payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS statement but the amount is over claimed in the statement. Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes new payment for excess amount claimed in the statement)

7-Tax has been deducted at the rate of 20% due to non-availability of PAN. How can I issue Form 16A?
PAN is mandatory to issue Tax deduction certificates.

8-What should I do if I am not getting Form 16 from TRACES?
Ensure that you have filed Form 24Q for Quarter 4 with Annexure II. It is mandatory to file Annexure II giving actual particulars for the entire financial year, as Form 16 is generated on the basis of information provided in Annexure – II.

9-How are the particulars of those employees who are employed with more than one employer in a financial year to be shown in Form 16?
The employee should declare previous salary and TDS details, if any, with the current employer and the same should be considered by the current employer while deducting TDS on salary and issuing Form 16.

10-I have worked with different branch offices during the financial year. How will information for Part B appear in my Form 16?
Part B information will be issued by the employer. TDS CPC will provide Form 16 containing only Part A details.

11-What are the guidelines for an employer to deduct TDS and issue Form16?
         Following are the guidelines for an employer to deduct TDS and issue Form 16:
  • Make mandatory for all the employees to declare previous salary, investment proofs and TDS details, if any
  • Employer has to consider the declaration before deducting TDS from salary
  • Fill Annexure II for all employees who work or worked for any period of time during the current financial ye
  • Issue Form 16 to all the employees
  • It is the duty of an employee to provide valid PAN. If employee has worked with more than one employer in a financial year, employee should declare previous salary and TDS detail, if any, with the current employer

12-What are the details available in TDS certificate (Form 16 / 16A)?
  • The details available are as below:
  • Name / address / TAN of Deductor
  • Name / address / PAN of Tax Payer
  • Certificate Number
  • Summary of payment made by deductor
  • Summary of tax deducted at source in respect of tax payer
  • Details of tax deducted and deposited in Central Government account through challan / Book Adjustment (in case of Government deductor)
  • Details of tax deducted and deposited in Central Government account through challan (in case of Non-Government deductor)

13-What can I do if I am unable to get the TDS certificate (Form 16 / 16A)?
It is the duty of every person deducting tax to issue a TDS certificate. In spite of your request, if you are denied the certificate then there is a chance that the tax deducted has not been deposited by the deductor to the government account. Please inform the department (PRO or TDS section) which will then do the needful.

14-I have not received TDS certificate from my employer. Can I claim TDS deducted from my salary?
Yes. The claim can be made in your return. Department, however, will raise a demand which will not be enforced on you but on your employer.

15-If a deductee comes back stating that the original TDS certificate is lost, can a duplicate certificate be issued?
Yes. Deductor will have to issue the duplicate certificate.

16-Even if no taxes have been deducted from salary, is there any need for my employer to issue Form 16 to me?
Form 16 is a certificate of TDS and in your case it will not apply. However your employer must issue a salary statement.

17-If I am receiving my pension through a bank who will issue Form 16 or pension statement to me - the bank or my former employer?
The bank will issue Form 16.

18-What is a certificate number?
Certificate number is present in Form 16 / Form 16A issued by Deductor.


Tuesday, May 6, 2014

Income Tax : - Know/ Confirmation of PAN (Permanent Account Number ) through Vat TIN

Friends,   There are many sources to know PAN.   Out of many, there is also one source is VAT -Tin number.  So many times it has been found that you have invoice of the party vide which TIN is available, but you are required PAN of the same.   Excise and Taxation department has entered PAN numbers of their registered dealers. 

              Two details of TIN is available, one is from Income Tax department and second is from Excise & Taxation Department:- 

What is TIN? Tax Information Network (TIN) is an initiative made by Income Tax Department of India to modernize the current system for collection, processing, monitoring and accounting of direct taxes using information technology. It is a repository of Tax related information from across the country. It is unique registration eleven digit number that is used for identification of dealers registered under VAT. 

Who should register for TIN? TIN number registration is required for Manufacturers, Traders, ,Exporters and Dealers. When new registration is undertaken under VAT or Central Sales Tax a new TIN will be allotted under registration number. The TIN number should appear on all Quotations/Orders/Invoices by both Sending Company and Receiving Company.


Dealer/ Form  Search option is available at http://www.tinxsys.com or you may also click on below picture to visit at http://www.tinxsys.com 


Each State in India has also provided such link on their website.


Monday, May 5, 2014

e-TDS :- Who is a Tax Payer (Deductee)


Who is a Tax Payer (Deductee)?

                           A Tax Payer (Deductee) is the person, from whom the tax is being deducted or accrued for deduction. Depending on the nature of the deduction being made, deductees and respective submission forms are categorized into three types:

  • Salaries: In case of salaries, the deductee is termed as an Employee. All the information of deductions and payments in this category should be submitted in Form 24Q to the government.
  • Non-Salaries - Resident: In case of non-salaries and payment being made to a resident in India, the deductee is termed as a Deductee or a Party. All the information of deductions and payments in this category should be submitted in Form 26Q to the government.
  • Non-Salaries - Non-Resident:In case of non-salaries and payment being made to a non-resident of India, the deductee is termed as a Deductee or a Party. All the information of deductions and payments in this category should be submitted in Form 27Q to the government.

e-TDS : - Important Points For Correction TDS/TCS statement.


How many times can I furnish a correction TDS/TCS statement?
A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once.

What are the important points to be kept in mind while preparing correction statement more than once on the same regular statement?
You have to kept in mind, the following points while preparing correction statement more than once on the same regular statement:

1. The TDS/TCS statement on which correction is to be prepared should be updated with details as per all previous corrections.
2. Modifications/addition/deletion in correction statements accepted at the TIN central system only should be considered.

The first correction filed by me contains three types of correction (three PRNs / Token Number) and one of the types of correction has got rejected at the TIN central system. What should I do?
The steps as under should be followed:
1. You have to update modifications as per the accepted corrections in the TDS statement.
2. Identify the record for which correction was rejected earlier by its sequence no. and fields for identification
3. Correct the said record.
4. Correction statement should contain updated values as well as value of identification field as per regular statement.

Which Provisional Receipt Number / Token Number should I quote while preparing correction statement more than once on the same regular statement?
There are two fields for Provisional Receipt Number (PRN) / Token Number in a correction statement as under:
a. Original Provisional Receipt Number / Token Number - PRN of the regular statement should be mentioned in this field.
b. Previous Provisional Receipt Number / Token Number - PRN of the last accepted correction statement should be mentioned in this field. In case the value in this field is incorrectly mentioned, the statement will get rejected at TIN central system for the reason: "Either Previous Provisional Receipt No. provided is incorrect or combination of Original Provisional Receipt Number / Token Number and Previous Provisional Receipt Number / Token Number is not in sequence"

Example:

Single batch correction statement - Only one type of correction in the file

a. You have filed a regular statement having PRN / Token Number 010010200083255 and subsequently filed a single batch correction statement having PRN / Token Number 010010300074112. While preparing correction statement, you have to mention PRN / Token Number 010010200083255 in the field original PRN and the PRN / Token Number 010010300074112 in the field Previous PRN.

Multiple batch correction statement - different types of correction in a single file

b. You have filed a regular statement having PRN / Token Number 010010200083255 and subsequently filed a multi batch correction statement having three batches and corresponding PRNs / Token Numbers as 010010300074112, 010010300074123 and 010010300074134. While preparing the correction statement, you have to mention PRN / Token Number 010010200083255 in the field original PRN and check the status of all the three PRNs of correction statement.

>>If all the three PRNs / Token Numbers are accepted at the TIN central system, you may mention any of the three PRNs / Token Numbers in the field previous PRN.

>>If any of the three PRNs / Token Numbers is rejected, then you should mention the PRN / Token Number which has been accepted at the TIN central system in the field Previous PRN.

>>If all the three PRNs / Token Numbers are rejected, then you must mention the PRN / Token Number of the regular statement, i.e. 010010200083255 in the field Previous PRN.

How many times can I update PAN of a deductee/transacting party?
Structurally valid PAN of a deductee in the regular statement can be updated to another structurally valid PAN only once.


When does a statement get ‘Partially Accepted’?
A correction statement containing updates in PAN of deductee/employee may get Partially Accepted. This is possible when the PAN in the any of the records being updated by you in the correction statement is invalid, i.e. PAN not present in PAN Master Database. In such a scenario, the said record gets rejected resulting in partial acceptance of the statement.

What should I do if the status of correction statement filed by me is ‘Partially accepted’?
In case correction statement is in status ‘Partially accepted’, you have follow steps as under:
1. You have to update modifications as per the accepted records in the TDS statement.
2. Identify the deductee/salary record which has got rejected due to invalid PAN.
3. Rectify the incorrect PAN
4. Correction statement should contain value of identification keys as per regular statement along with the updated values.

What could be the cause of rejection of TDS/TCS statement for the reason “Total Deposit amount of deductees is more than Challan amount actually deposited in bank”?
The total tax deposited amount as per challan should be greater than or equal to the total tax deposited amount as per deductee details, else a regular TDS/TCS statement will not get validated through FVU.

If you file a correction statement for adding deductee records under a particular challan, the total tax deposited as per challan in regular statement should be greater than or equal to the total tax deposited in deductee details as per regular as well as correction statement.

Note: Amount in the fields Interest and others in the challan is not considered in the total tax deposited as per challan.

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