Transcript SEMINAR ON TDS & TCS

MISMATCH OF TDS
A major problem noted across the country
is that of mis-match of TDS payments
claimed by the deductees in their returns of
income vis-à-vis the TDS payments
reflected by the deductors in their e-TDS
returns and also the non reflection of the
TDS payments in the system, in case the eTDS returns have not been filed by the
deductors.
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Main reasons for TDS mismatch
(DEDUCTOR RELATED)
Remedies
Non filing of quarterly TDS statements
Deductor to file regular e-tds return.
Omission to include details of a challan in
TDS statement
Deductor to file revised e-tds return.
Quoting wrong CIN in challan details in
the TDS statement
Deductor to file revised e-tds return.
entering wrong amount in challan details
Deductor to file revised e-tds return.
Quoting of wrong TAN in the challan while
remitting the TDS in the bank
Contact TDS AO.
quoting of wrong minor head quote in the
challan while remitting the TDS
Contact TDS AO
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Main reasons for TDS mismatch
Omission to include details of a
deductee in the challan wise
annexure in the TDS statement
non quoting of PAN of the deductee
Remedies
Deductor to file revised e-tds return.
Deductor to file revised e-tds return.
quoting of structurally invalid PAN of the
deductee
Deductor to obtain correct PAN & file
Revised e-tds return
quoting of valid but non existent PAN of
deductee
Deductor to obtain correct PAN & file
Revised e-tds return
quoting of valid but incorrect PAN of
deductee
Deductor to file revised e-tds return
entering incorrect amount in deductee
details
Deductor to file revised e-tds return.
3
Main reasons for TDS mismatch
quoting of incorrect TAN of the deductor
in the return
Remedies
Contact NSDL Help desk.
quoting of the TAN of the last DDO only
in case of salary drawn from different
DDOs during the year
Deductee to obtain form 16 with TAN of
different DDOs.
credit for TDS claimed in a different PAN
and status
Deductor can verify claim of deductee &
file revised e-tds return, if necessary
credit for TDS claimed for an assessment Deductee to correctly claim in the return.
Year other than the assessment year
relevant to the year of deduction
entering wrong TAN while uploading
challan data
Contact TDS AO
entering wrong minor head code while
uploading challan data
Contact TDS AO.
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MISMATCHES AT THE TIME OF PROCESSING
Main reasons for TDS mismatch
Remedies
If wrong Section/Asst. Year entered in
challans/return
Contact TDS AO
If wrong TAN quoted in challans
Contact TDS AO
If PAN quoted instead of TAN
Contact jurisdictional AO to whom PAN
allotted and copy of letter to TDS AO
If TAN quoted instead of PAN
Contact TDS AO to whom TAN allotted
and copy of letter to jurisdictional AO
For splitting of challans
Contact TDS AO
For clubbing of two/more section, Asst.
Years in challans
Contact TDS AO.
For changes in e-tds returns filed
Deductor to file revised returns
Name, amount, major head code
Contact Bank
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Correction statements for correcting the
mistakes in TDS statements
Type of correction statement
Nature of corrections that can be made
C-1
Updation of deductor details – Name, address
etc.
C-2
Updation of challan details
C-3
Updation of deductee details including addition
of new records and deletion of existing records
C-4
Updation of salary detail records – deletion of
existing records and addition of new records
C-5
Updation of PAN of deductees
C-9
Addition of challan records and underlying
deductee records
Y
Cancellation of TDS statement filed with
incorrect TAN
Action to be taken by deductors for various
types of errors
Nature of error
Type
of
correction
statement to be filed or
other action to be taken
Omission to include details of a challan
C-9
Entering of wrong CIN in challan details
C-2
Entering of incorrect amount in challan
details
C-2
Quoting of wrong TAN in challan
Approach TDS A.O for
correction in the system
Quoting of wrong minor head code in challan Approach TDS A.O for
correction in the system
Action to be taken by deductors for various
types of errors
Nature of error
Type
of
correction
statement to be filed or
other action to be taken
Omission to include details of a deductee in the C-3
challan wise break-up
Non quoting of PAN of a deductee
C-5
Quoting of invalid PAN or non existent PAN or C-5
incorrect PAN of a deductee
Entering incorrect TDS amount in deductee C-3
details
Entry of wrong TAN by the bank while Approach
uploading challan data
correction
TDS
A.O
for
Entry of wrong minor head code by the bank Approach
while uploading challan data
correction
TDS
A.O
for
Identification of the errors by the deductors
 Visit the web-site tin-nsdl.com and click on quarterly
statement status
 View the status of the return i.e. whether received
by TIN or not
 View the “number of challans entered in the return”
to identify the challans omitted to be entered
 View the status of each challan entered in the return
to see whether challan is booked or match failed or
match pending
Identification of the errors by the deductors
 If status of challan is “match failed”, either the TAN or the
amount does not match with bank data
• TAN wrongly quoted in the challan by the deductor or wrongly
entered by the bank while uploading challan data
• Amount wrongly mentioned in the TDS statement by the deductor
 If the status of challan is “match pending”, there is error in
the CIN details entered in the TDS statement
 View the count of deductees for each challan to identify any
omission of deductee details
 View the deductee status by giving PAN and amount
Identification of the errors by the deductors
 If status of challan is “match failed”, either the TAN or the
amount does not match with bank data
• TAN wrongly quoted in the challan by the deductor or wrongly
entered by the bank while uploading challan data
• Amount wrongly mentioned in the TDS statement by the deductor
 If the status of challan is “match pending”, there is error in
the CIN details entered in the TDS statement
 View the count of deductees for each challan to identify any
omission of deductee details
 View the deductee status by giving PAN and amount
Identification of the errors by the deductors
 view the count of unbooked deductees with
• no PAN / invalid PAN
• PAN not in ITD data base
 In cases of unbooked deductees with PAN not in ITD data
base, view the challan record number, deductee record
number and the PAN entered in the statement
 Use the “challan status enquiry” facility in tin-nsdl.com for
verification of errors in quoting of minor head code or TAN
BANK RELATED REASONS
• Entering wrong TAN while uploading the
challan.
• Entering wrong minor code, section, asst. year
while uploading the challan.
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FOR ANY DETAILS/CLARIFICATIONS
• VISIT THE WEBSITES
• www.tin-nsdl.com
• www.incometaxindia.gov.in
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