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CPC (TDS) communication regarding Defaults in TDS Statements

Dear Principal Officer,

Name:

PAN:

Address:

The consolidated defaults of various TANs belonging to you as per the records of Centralized Processing Cell (TDS) as on 23/10/2014 starting from F.Y. 2007 are given below. Financial year wise details of defaults are available online to you on TRACES (www.tdscpc.gov.in) under aggregated TAN compliance (www.tdscpc.gov.in/app/tap/supertanreq.xhtml)

Order u/s 201/ Intimation u/s 200A of the Income Tax Act, 1961 intimating the outstanding demand for different years have already been sent by Income Tax Department on Registered email address and by post, at the address, as mentioned in the relevant TDS Statement to the relevant deductors (TANs).

This information is being given to you for necessary action as it would be helpful for you in complying with the provisions of section 40(a)(ia) of Income Tax Act, 1961 and to ensure that correct information is disclosed in paragraph 27A/B of Tax Audit Report(Form 3CD) u/s 44AB of the Income Tax Act.

Actions to be taken by the TAN holders associated with you:

  • Download quarter-wise Justification Report from our portal TRACES for the default details.
  • Submit the Online Correction or Download the Consolidated File from our portal accordingly. Please use the e-tutorials for necessary help.
  • Prepare the correction statement with appropriate changes.

For any assistance, you can write to corporateconnect@tdscpc.gov.in or or call on- 0120-4816103.

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

CPC (TDS) TEAM

Notes:

• You are requested to instruct the deductors to pay the demand and file correction statement or make the necessary correction in the statement within 15 days.

• Short payment default may be on account of mismatch in challan particulars as quoted by you in TDS statement with the challan particulars as per OLTAS. Accordingly, the OLTAS challans may have remained unconsumed on account of mismatch. You can check the OLTAS challan details on Traces. You are requested to close the short payment default through “tagging” of correct challan using “online correction” facility at TRACES portal (www.tdsccpc.gov.in).

• It is to inform that while downloading TDS certificate (Form 16/16A), deductor would be prompted to first close the ‘Short payment’ default on account of ‘Challan mismatch’, if any. As the next due date for download of Form 16A is 31st January, you are requested to close your defaults well in advance to avoid any issue in downloading of TDS certificates for third quarter of 2014-15.

• Non deduction of TDS attracts provisions of section 40(a) (ia) of the Income Tax Act, 1961 in your final accounts.

• Late Filing fee and Late Payment Interest are not allowable expenses.

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CPC (TDS) communication : Intimation regarding Outstanding TDS demand from FY 2007-08 onwards-Reg

Dear Deductor, (TAN: ___________), 

  • Please refer the subject above.
  • As per the records of the Centralized Processing Cell (TDS), there is an outstanding demand in different years from 2007-08 onwards on account of defaults identified in TDS statements. Table below shows year wise outstanding demand on account TDS defaults as on October 23rd 2014. Intimation u/s 154 read with section 200A of the Income Tax Act, 1961 intimating the outstanding demand for different years have already been sent by Income Tax Department on Registered email address and by post, at the address, as mentioned in the relevant TDS Statement.

  • Justification report for default can be downloaded TDS statement wise from TRACES.  www.tdscpc.gov.in
  • Short payment default may be on account of mismatch in challan particulars as quoted by you in TDS statement with the challan particulars as per OLTAS. You are requested to close the short payment default through “tagging” of correct challan using “online correction” facility at TRACES portal www.tdscpc.gov.in In case of any clarification, you may contact your assessing officer and can also send e-mail at info@tdscpc.gov.in.
  • It is to inform that while downloading TDS certificate (Form 16/16A), you would be prompted to first close the ‘short payment’ default if any. As the next due date for download of form 16A is 31st January, you are requested to close your defaults well in advance to avoid any issue in downloading of TDS certificates for third quarter of 2014-15.
  • You are requested to file correction statement after making tax payments, if required, TRACES has provided online correction facility in this regard.

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

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

CPC (TDS) TEAM

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CPC (TDS) communication to Govt. Deductors for “Mismatch in BIN” reported in TDS Statements

Dear Deductor,

Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements.

As you may be aware that at the time of filing TDS statements, it is mandatory:

  • To quote the BIN particulars correctly, through which TDS payments have been made.
  • The TDS forms prescribe quoting of such BINs and the underlying deductee transactions corresponding to such BINs.

However, it has been observed that mistakes have been committed earlier, while reporting tax payments, in some of your TDS statements.

Please be advised that mismatch of such BINs may lead to Defaults on account of “Short Payment”.

You are therefore, advised to ensure that Correct BIN details, as communicated to you through your respective Pay and Account Office (PAO) after filing their respective Form No. 24G, are quoted in your TDS Statements for avoiding mismatch of BIN.

For any assistance, you can call our toll-free number 1800 103 0344.

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

CPC (TDS) TEAM

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TDS Statements filed for Q 1, FY 2014-15, not filed yet for Q 2, FY 2014-15

CPC (TDS) has issued a communication to all deductors who have filed TDS Statements  for Q1, FY 2014-15 but not filed yet for Q2 as of November 1, 2014.

The issued communication has been given below:

Dear Deductor,

As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statements for Q1, FY 2014-15, however, no TDS Statements have been filed for Quarter 2 as of November 1, 2014.

If you are not required to submit the relevant statement, you are requested to submit a declaration by taking appropriate action as suggested under “Action to be taken” in this communication. Otherwise, your urgent attention is invited to relevant CBDT Circulars and provisions of the Income Tax Act, mandating filing of TDS Statements and Issuance of TDS Certificates downloaded from TRACES.

1. Mandatory filing of TDS Statements:

Please refer to the provisions of section 200(3) of the Income Tax Act, 1961 read with Rule 31A, which reads as follows:

Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:

  • Statement of deduction of tax under section 192 in Form No. 24Q;
  • Statement of deduction of tax under sections 193 to 196D in -
    • Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and
    • Form No. 26Q in respect of all other deductees.

It is, therefore, advised to file the applicable TDS Statements at the earliest to comply with the above provisions.

2. Implications of Non/ Late filing of TDS Statements:

  • For Deductors:

In case of late filing of TDS Statements, a fee shall be levied on the deductor u/s 234E of the Act, which reads as under:

Where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues. 

  • For Tax payers:

Non/ Late filing of TDS statements results into the TDS Credit not being available to the deductees. They, therefore, will not be able to claim the credit for tax already deducted from the payments made to them. Please note that TDS Certificates will not be available until the TDS Statements are duly filed. 

3. Actions to be taken:

Please file the relevant TDS Statement without any further delay.

  • If you are not required to file the same, please submit a declaration for Non-filing on TRACES. For this purpose, you can login to TRACES, navigate to “Statements/ Payments” menu and submit details under “Declaration for Non-Filing of Statements”
  • Issue TDS certificates after generating and downloading the same from TRACES. TDS Certificates downloaded only from TRACES Portal will be valid.

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

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

CPC (TDS) TEAM

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