Dos & Dont’s for filing TDS Returns

      No Comments on Dos & Dont’s for filing TDS Returns

Given below are some dos and don’t for filing of TDS returns:

Dos

  • Ensure that TDS return is filed with same TAN against which TDS payment has been made.
  • Ensure that correct challan particulars including CIN and amount is mentioned.
  • Correct PAN of the deductee is mentioned.
  • Correct section is quoted against each deductee record.
  • Tax is deducted at correct rate for each deductee record.
  • File correction statement as soon as discrepancy is noticed.
  • Issue TDS certificate downloaded from TRACES website.

Dont’s

  • Don’t file late returns as it affects deductee tax credit.
  • Don’t quote incorrect TAN vis-Æ’ -vis TDS payments.
Facebooktwitterredditpinterestlinkedinmail

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.