Smart & Easy TDS Software for Preparing TDS Returns

TDSMAN Blog - Smart & Easy TDS Software for Preparing TDS Returns

Procedure for payment of demand raised against TDS on sale of property by CPC-TDS

Procedure for payment of demand  raised against TDS on sale of property by CPC-TDS has been listed below stepwise:

Step 1  

Payment of demand raised against TDS on sale of property has to be paid through the URL and select “Demand Payment” option.

Step 2

The following  below mentioned screen will open by clicking on the ‘Demand Payment” option. Click on “Demand payment for TDS on property”

Step 3

Please fill all four mandatory fields and the text shown in the image and then click on the “submit “button. 

Step 4

The below mentioned screen will appear by clicking on the “Submit” button.

 Follow these Steps  for demand payment:

-The communication reference No. as reflected in your intimation letter is mandatory to be filled.

-Demand of Short deduction(S.No. 1 of intimation letter) is to be filled in the’ Principal Tax’ row.

-Sum total of Demands of all Interests(S.No. 2(a),3(a) and 3(b) of intimation letter) is to be filled in the ‘Interest’ row.

-Any penalty levied is to be filled in the “Penalty” row

-Late filing fee u/s 234E (S.No. 4(a) of intimation letter) is to be filled in’ Fee’ row.

-System will automatically calculate the total of all rows .It should be noted that the total amount in both the columns i.e Demand as per intimation” and” Demand being paid” should be exactly same ,otherwise the system will not allow buyer/deductor to proceed further .

-After filling all necessary details click on the “Proceed” button for e-payment of the demand.

Step 5

The below mentioned screen will be displayed. Click on “Submit to bank for e-payment” tab for the successful e-payment of your demand.


Tips to avoid defaults in TDS Returns

One can avoid defaults in the TDS returns, by way of adherence to the following basic principles:   

• Timely Payment of total taxes deducted/ collected

• Correct Reporting with regard to PANs, Tax Rate and Challans

• Complete Reporting for all Deductees

• Timely filing of TDS return   

Following are some important facts to be adhered to, while submitting TDS return, to avoid each type of Default:   

• Late Payment Defaults:

• Short Payment Defaults:

  • All the taxes deducted must be deposited with challan 281 quoting correct TAN, Assessment Year, Minor Head etc.
  • Challan details/BIN details quoted in the statement should be correct. Challans can be validated by using Challan Status Inquiry(CSI) file. Correct details can also be verified at TRACES in “Challan Status” menu under “Statement Status” after login.
  • There should not be any difference in the amounts quoted in “Deducted” and “Deposited” columns of the deductee rows.
  • Challans quoted in the statement must have balance available for consumption against specified deductee rows. Available balance can be verified at TRACES in “View Consumption Details” under “Statements/ Payments” menu after login.
  • Government Deductors need to report Book entry flag as “Y” in challan details.   

• Short Deduction Defaults:

  • Taxes must be deducted at correct rates specified in the Act. The Rate table can be accessed at TRACES for correct tax rates.
  • Correct flags (A, B, C, T and Y) must be raised for no deduction/ lower deduction/ higher deduction, as appropriate.
  • The PAN for deductees must be valid and correct. TAN-PAN Master can be downloaded from TRACES and be used to file statement to avoid quoting of incorrect and invalid PANs.
  • Correct and valid 197 Certificates must be specified. E-tutorial can be referred to for the purpose of validation.
  • For 24Q statements, correct flags should be raised for Woman/ Man/ Senior Citizen/ Super Senior Citizen deductees, as may be appropriate.
  • DTAA flag “B” must be raised under section 195 of the Act, at the time of filing 27Q  statements.

• Late Deduction Defaults:

  • Taxes must be deducted at the time of Payment or Credit, whichever is earlier.   

• Late Filing Defaults:   


File your TDS returns for FY: 2016-17 (Q3) by 31st January, 2017


TDS Returns – Important

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.
• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Click here for more details

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