TDSMAN Blog

smart & easy software for eTDS & eTCS returns

Issue TDS certificates by 30/07/2014 to avoid penalties

Last date for issuance of TDS/TCS certificates for Q1 of FY: 2014-15 – 30th July, 2014

The above is applicable for deductors other than the Office of the Government

Delay in requesting certificates may involve a fine of Rs. 100 per day u/s 272(A)(g) subject to an upper limit of the tax deducted. Click here for more details

Please note:

It is now mandatory for all the deductors to issue the TDS certificates after generating and downloading the same from “TRACES”(www.tdscpc.gov.in). Refer to Circular no.3/2011 dated 13-5-2011, Circular No.1/ 2012 dated 9-4-2012 (in respect of 16A)

Click here to view the tutorial on how to download Form 16A from TRACES.

facebooktwittergoogle_plusredditpinterestlinkedinmail

CPC(TDS) Reminder for downloading TDS Certificates (Form 16 / 16A) for FY 2013-14

Dear Deductor,

As per the records of Centralized Processing Cell (TDS), the TDS Statements have been filed by you for different quarters for the Financial Year 2013-14. However, you have not yet downloaded TDS Certificates (Forms 16/ 16A) from our portal.

Please refer to the following provisions of the Income Tax Act, 1961 in this respect:

Downloading of TDS Certificates from TRACES made mandatory:

In this regard, your attention is invited to the CBDT circulars 04/2013 dated 17.04.2013, No. 03/2011 dated 13.05.2011 and No. 01/2012 dated 09.04.2012 on the Issuance of certificate for Tax Deducted at Source in Form 16/16A as per IT Rules 1962. It is now mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or http://www.tdscpc.gov.in (hereinafter called TRACES Portal).

TDS Certificates downloaded only from TRACES hold valid:

In view of above circulars, it may kindly be noted that the TDS Certificates downloaded only from TRACES Portal will be valid. Certificates issued in any other form or manner will not comply to the requirements referred in the Income-tax Act 1961 read with relevant Rules and Circulars issued in this behalf from time to time.

Due Date for downloading and Penalty for non-compliance:

Please be advised that under the provisions of section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source. Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.

Assistance for downloading TDS Certificates from TRACES:

You can logon to our Portal and refer to our e-tutorials to download TDS Certificates.

For any further assistance, you can also 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

facebooktwittergoogle_plusredditpinterestlinkedinmail

CPC (TDS) communication: TDS Statements filed for Q 1, FY 2012-13, not filed yet for Q 1, FY 2013-14

CPC (TDS) has issued a communication to the deductors regarding TDS Statements filed for Q 1, FY 2012-13 but not yet filed for Q 1, FY 2013-14. Through this communication, CPC(TDS) has made it clear that if deductors are not required to submit the relevant statement, then they are requested to submit a declaration by taking appropriate action as suggested under “Action to be taken” in this communication.

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 2012-13, however, no TDS Statements have been filed for the said Quarter in FY 2013-14 as yet.

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 IT 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 further assistance, you can also 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

facebooktwittergoogle_plusredditpinterestlinkedinmail

CPC(TDS) – Solutions to common enquiries

TRACES has several easy-to-use, online e-Tutorials and FAQs that can be effectively used to get ready answers to your questions.

Following are some of the most common reasons deductors enquire or call TRACES:

What is the status of processing of statements?

  • CPC(TDS) is glad to inform that the peak load of statement processing has already been taken care of.
  • The status of processing of statements can be checked in your Dashboard after you login to TRACES.
  • Please wait for 4 days after the statements have been filed before reaching CPC(TDS) with an enquiry on the above.

Having issues with downloading of TDS Certificates/ Consolidated Files?

  • If you are unable to submit request for downloading of TDS Certificates or Conso Files, please first check the status of processing of relevant statements. You will be able to submit requests only after the statement has been processed.
  • Please check the correctness of KYC information for submitting download requests to ensure successful submission of the request.
  • TRACES is currently experiencing huge volume of requests for download of TDS Certificates. However, they are being made available within a day of submission of request. Please wait for 24 hours before reaching out to CPC(TDS) with an enquiry.
  • Please refer to our e-Tutorials for detailed assistance on downloading TDS Certificates.
  • To convert form 16/Form 16A in pdf format, PDF generation utility is required 
  • For downloading Consolidated files, the e-Tutorial can be referred.

Have a problem in password required for various process at TDSCPC?

  • Click here to Check password for consolidated file, form 26AS, Form 16, Form 16A, Justification report

Have a query related to Intimations sent by CPC(TDS)?

  • Please download the Justification Report to view the details of Defaults in the TDS Statements.
  • Please refer to the e-Tutorial for detailed assistance.

Have a query related to Registration/Login?

  • Please submit correct KYC information for Registration/ Login. Please refer to our e-Tutorial for assistance.
  • You are requested to wait for an hour, if the Account is locked due to incorrect password. Please retrieve a fresh password and the detailed procedure is specified in the e-Tutorial.
  • If you need assistance for User ID, the e-Tutorial can be referred for detailed steps.
  • Please use both the Activation Codes sent on the Registered Mobile Number and e-mail address for the purpose of successful activity.
facebooktwittergoogle_plusredditpinterestlinkedinmail
  • RSS
  • Facebook