Reporting of TDS transactions

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Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit in the first quarter but in subsequent quarters has exceeded threshold limit (as issued by the Directorate of Income Tax  Systems)

  • Flag  should be selected in the field of Reason for non deduction / lower deduction / higher deduction / threshold  to highlight transactions where TDS is not deducted as the threshold for deducting tax has not exceeded.
  • If threshold flag is provided then rate of deduction should be 0.0000 and tax deducted / deposited (deductee) amount should be 0.00.
  • Threshold flag can be quoted only against the following section codes in corresponding challan details: 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194G, 194H, 194I, 194J, 194LA.

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