CPC (TDS)
communication regarding Short Payment Defaults in TDS Statements for FY 2013-14
Communication Number
63 dated 31st July, 2014
In our
endeavor to facilitate improved TDS administration and lower TDS default rates,
we are glad to provide information on common mistakes committed by the
deductors while submitting TDS statements. These mistakes result into TDS
Defaults in the respective statements.
Following
are some useful guidelines to avoid common mistakes, while submitting TDS
Statements and you are requested to go through the following in detail.
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:
o Correct Format 1111AA111A;
o Incorrect Format: 1111AA111A/194C
·
Certificate
Number should be valid during the period for which it is quoted.
·
The
Certificate Number should be for the same PAN, Section Code and Section Rate
for which it has been mentioned in the statement
·
Threshold
limit Amount of the Certificate should not be exceeded.
·
Please
ensure that the Certificate is not expired. Please refer to the following
illustration:
o Lower deduction Certificate under
section 197, issued in April 2013 (e.g. Certificate Number - 1) stands
cancelled by Assessing Officer on 10/11/2013.
o A fresh certificate Under Section
197 (e.g. Certificate Number - 2) is issued with effect from 11/11/2013.
o Deductor quotes Certificate
Number - 2 against the transactions recorded during the period from 01/11/2013
to 10/11/2013 in Q3 TDS statement.
o Deductor should have quoted
Certificate Number - 1 for the transactions conducted till 10/11/2013.
Common errors resulting into Short Payment Defaults:
·
Typographical
errors committed by deductor, in reporting the date '20032014' in the
"Tax Deducted" column.
·
Total of "Amount
Paid / Credited" reported in the "Tax Deducted" column of
the statement. This results into short payment and Deductors need to ensure
that the TDS/TCS Deducted/Collected amount should be equal to TDS/TCS
Deposited Amount.
The above
mistakes are illustrated below:
Amount Paid/
Credited
|
TDS Deducted
|
TDS Deposited
|
Remarks
|
1,55,000.00
|
1,55,000.00
|
15,500.00
|
Wrong TDS Deducted Amount
|
2,20,420.00
|
20032014.00
|
22042.00
|
Date mentioned in the TDS Deducted
Column
|
Actions to be taken:
·
CIN
Particulars (BSR Code, Date of Deposit and Challan Serial Number) mentioned in
the TDS statement should exactly match with the CIN Particulars as available on
'Challan Status' at www.tdscpc.gov.
in or
'Challan Status Enquiry' at www.tin-nsdl.com
·
For BIN
(Book Identification Number), the particulars (24G receipt number, Date of
transfer voucher and DDO Serial Number) mentioned in the TDS statement by the
Govt. Deductors should exactly match with the BIN Particulars as available on
'Challan Status' at www.tdscpc.gov. in or 'BIN View' at www.tin-nsdl.com
'Challan Status' at www.tdscpc.gov. in or 'BIN View' at www.tin-nsdl.com
·
Amount of
Tax deposited pertaining to different BIN's/ CIN's should not be clubbed
together while reporting in the TDS statements.
·
Few other
common mistakes in reporting dates are as follows:
Actual Date of
Deposit (As per Challan)
|
Date of Deposit
mentioned in TDS Statement
|
Observations
|
07/01/2014
(07th Jan, 2014)
|
07/01/2013 (07th Jan, 2013)
|
Wrong Year (2013 instead of 2014)
|
07/01/2014
(07th Jan, 2014)
|
01/07/2014 (01st July,2014)
|
Wrong Date Format (MM/DD/YYYY)
|
.
.
.
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