Healthy Practices for Error-Free TDS Returns

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Healthy practices for error-free TDS returns has been given below: 

  1. Deduction/ Collection of Tax at Correct Rates.
  2. Timely Deposit of Tax Deducted at Source.
  3. Accurate Reporting of data related to tax deductions/ collections made.
  4. Submission of TDS Statements within the due dates.
  5. Verification and Issuance of TDS Certificates within time.
  6. CPC (TDS) is now sending Intermediate Default Communication for PAN Errors and Short Payments, which can be corrected during the interim period of a week of filing TDS Statements before CPC (TDS) proceeds with computing Defaults for the relevant statement.
  7. User-friendly Online Correction facility can be used for Correction of Deductees, Tagging Unmatched Challans and Payment of Fees/ Interest. (Please navigate to Defaults tab to locate Request for Correction from the drop-down menu. For any assistance, please refer to the e-tutorial available on TRACES).
  8. Aggregated TDS Compliance Report assists the PAN of the Deductor to administer TDS Defaults for associated TANs and to take appropriate action.
  9. The Deductor’s Dashboard provides you with all necessary information to assist you in Compliance Self-Assessment and to take appropriate action.
  10. Non-filing Self-declaration can be made by navigating to Statements / Payments menu and submit details under Declaration for Non-Filing of Statements.
  11. PAN Verification and Consolidated TAN – PAN File facility on TRACES can be used for verifying the deductees.
  12. The Conso Files and Justification Reports downloaded from TRACES help you to identify errors in submission of revised Quarterly TDS Statements.

Advantages of preparing TDS Returns In-house

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Filing accurate TDS Returns on-time is the prime objective – whether done in-house or outsourced. Some of the key advantages do it in-house is summarized as under:

  • All relevant data i.e. tax deductions and its payments are readily available
  • It is simple to record this data and prepare the TDS Return for filing
  • Convenient to double check for any data entry / careless errors
  • Use software features like PAN Verification and Default Prediction to avoid potential Notices
  • The complete grip on what is being filed – no external dependence
  • Chances of delayed filing reduce
  • Default Notices, if at all received, can be rectified swiftly

Click Here to download the trial version of TDSMAN (FY: 2018-19) for your evaluation.


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:


  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.


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

Special Discount on TDSMAN

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Use TDSMAN Software to simplify your TDS Returns preparation and effectively handle defaults and corrections. It will serve you for:

✔  All TDS Returns for FY: 2018-19
✔  Online Filing
✔  Pending TDS Returns of earlier years, if any
✔  PAN Verification
✔  TRACES Integrated
✔  Default Predictor
✔  Interest & Auto Tax Calculator

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