CPC (TDS)
communication to deductors submitting C9 Corrections repeatedly during FY
2013-14
Communication 37
dated 05th April, 2014
Centralized Processing Cell (TDS)
has observed from its records that C9 Corrections for Quarterly TDS
Statements have repeatedly been submitted during Financial Year 2013-14.
Please note that CPC (TDS) does not encourage frequent submission of C9 Corrections.
Your attention is, therefore,
invited to the following information:
What are
C9 Corrections?
·
Revision of TDS Statement by way of Adding
a new Challan and underlying Deductees is referred to as C9 Correction.
·
The above revision indicates that
the TDS data has not been reported correctly by way of omission of
deductees, at the time of filing Original statements.
·
This also means that not all tax
amount deducted/ collected has timely been deposited by way of challans to CPC
(TDS).
·
The omission results into lower
deposit of tax collected/ deducted by the deductor to CPC (TDS).
Important
points to adhere while submitting Quarterly TDS Statements:
Correct
and Complete Reporting: 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 TDS statement.
Please ensure that records are corrected
for all deductees reported in the corrections to avoid submission of
multiple revisions.
Addition of new deductee rows and
thereby, challans is not encouraged by CPC (TDS), except for inadvertent
errors. Please ensure that complete data is
reported in the first instance, while submitting quarterly TDS Statements.
Please ensure that data for all
deductees reported in TDS Statements are duly corrected which will help the
deductees in claiming correct TDS Credits, besides generating correct TDS
Certificates.
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