TRACES - CPC (TDS) Reminder for filing of TDS Statements within Due Date

Communication Number 15, dated 08^th January, 2014

CPC (TDS) Reminder for filing of TDS Statements within Due Date

·         As per the records of Centralized Processing Cell (TDS), the Original TDS Statement(s) for Quarter 2 of FY 2013-14 (July - September, 2013) has not been submitted within the prescribed due date.

·         Please note that late filing of TDS Statements not only delays TDS Credits to the deductees, but also attracts provisions of section 234E of the Income Tax Act. The Levy for Late filing of TDS Statements is a sum of two hundred rupees for every day during which the failure continues.

·         Intimation u/s 200A of the Income Tax Act, 1961 intimating an outstanding demand for the relevant quarter, including demand under section 234E towards Fee for delayed filing of Regular TDS Statement(s), have already been sent by CPC (TDS) on Registered email address and by post, at the address, as mentioned in the relevant TDS Statement(s).

·         It is requested to submit TDS Statements within the due date to avoid any unreasonable delay in availability of TDS Credits to the deductees and the Levy for Late filing.

·         It is requested to submit TDS Statements within the due date to avoid any unreasonable delay in availability of TDS Credits to the deductees and the Levy for Late filing.

·         For any assistance, you can write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344

Source: TRACES.

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TDS CPC Communications – 07th October, 2013

TDS CPC Communications dated 07^th October, 2013 reproduced below:

Dear Deductor,

You are the esteemed stakeholder of CPC (TDS). As the due date of filing of quarterly TDS statement for second quarter of FY 2013-14 is approaching fast, you are advised to file TDS statement well before due date (15^th October for Non-Government deductors and 31^st October for Government deductors). You are requested to make note of the following facts before filing the quarterly TDS statement:

·         Correct Reporting:

Cancellation of TDS statement and deductee row is no longer permissible. Accordingly, 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 quarterly TDS statement.

·    Quote correct and valid lower rate TDS certificate in TDS statement wherever the TDS has been deducted at lower / zero rate on the basis of certificate issued by the Assessing Officer.

·         Last provisional receipt number to be quoted in regular TDS / TCS statements:

While filing new regular (original) TDS statement, it is mandatory to quote the last accepted provisional receipt number of the regular quarterly TDS / TCS statement of any form type.

·         TDS statement cannot be filed without quoting any valid challan and deductee row.

·         Late filing fee, being statutory in nature, cannot be waived

·      Download PAN Master from TRACES and use the same to file new statement to avoid quoting of incorrect and invalid PAN

·         Validate PAN and name of fresh deductees from TRACES before quoting it in TDS statement

·    Download TDS certificate (Form16A) from TRACES (www.tdscpc.gov.in) bearing unique TDS certificate number and issue to the taxpayers within due date

·         File correction statements promptly in case of incomplete and incorrect reporting

·     Download the justification report to know the details of TDS defaults, if any, on processing of TDS statement

·         Do view your Dashboard regularly to know about your TDS performance

·    Government deductors should obtain BIN (Book Identification Number) from their Accounts Officer (AIN holder) in time and quote the same correctly in TDS statement

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

CPC (TDS) Team

Source: TDS (CPC)

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