Do’s & Dont’s for TDS Returns

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Given below are some dos and don’t for the filing of TDS returns:

Dos

  1. Ensure that TDS return is filed with the same TAN against which TDS payment has been made.
  2. Ensure that correct challan particulars including CIN and amount is mentioned.
  3. Correct PAN of the deductee is mentioned.
  4. Correct section is quoted against each deductee record.
  5. Tax is deducted at the correct rate for each deductee record.
  6. File correction statement as soon as the discrepancy is noticed.
  7. Issue TDS certificate downloaded from TRACES website.

Donts

  1. Don’t file late returns as it affects deductee tax credit.
  2. Don’t quote incorrect TAN vis-à-vis TDS payments.
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