Healthy practices for error – free TDS returns has been given below:
- Deduction/ Collection of Tax at Correct Rates.
- Timely Deposit of Tax Deducted at Source.
- Accurate Reporting of data related to tax deductions/ collections made.
- Submission of TDS Statements within the due dates.
- Verification and Issuance of TDS Certificates within time.
- 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.
- 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).
- Aggregated TDS Compliance Report assists the PAN of the Deductor to administer TDS Defaults for associated TANs and to take appropriate action.
- The Deductors Dashboard provides you all necessary information to assist you in Compliance Self-Assessment and to take appropriate action.
- Non-filing Self-declaration can be made by navigating to Statements / Payments menu and submit details under Declaration for Non-Filing of Statements.
- PAN Verification and Consolidated TAN-PAN File facility on TRACES can be used for verifying the deductees.
- The Conso Files and Justification Reports downloaded from TRACES help you to identify errors in submission of revised Quarterly TDS Statements.
WE ARE NOT YET ABLE TO FILE TDS RETURN 24Q FOR Q4, IT SUGGEAT A MISTAKE NAMLY :- “DEDUCTION CAN NOT CLAIM U/S 80CCE FOR MORE THEN 1,00,000” PLZ DO NEEDFUL IN THE ABOVE MATTER, OR ADVICE US
When The Incometax Department is change u/s 80c,80ccc,80ccd and 80cce limit foe 1,00,000 to raise upto 1,50,000 for F.Y.2014-15 and A.Y. 2015-16.
I have calculate the tax for deductee (Employees) for f.y. 2014-15 some Employees are savings in 80 c, 80ccc,80ccd more saving is Rs.150000/- but TDSMAN eTDS software calculate savings amount is Rs 100000/-( section 80CCE should not be more than Rs. 1,00,000.) and next question – some employees are deduct TDS less till 31st march 2015, so when the employees are due payable tax for self.
I have calculate the tax for deductee (Employees) for f.y. 2014-15 some Employees are savings in 80 c, 80ccc,80ccd more saving is Rs.150000/- but TDSMAN eTDS software calculate savings amount is Rs 100000/-( section 80CCE should not be more than Rs. 1,00,000.) and next question – some employees are deduct TDS less till 31st march 2015, so when the employees are due payable tax for self.
I preparation eTDS Return Q4 with challans,deductee detais and salary details for F.Y. 2014-15 and A.Y. 2015-16. I have generate this return but fike validation with error file in salary detail in field name of total amount and error code and description of error is as T-FV 6039 Deduction claimed under section 80CCE should not be more than Rs. 1,00,000. Please resovled my question for u/s 80c,80ccc,80ccd and 80cce. we enter detailed in deduction under chapter vi-A, all deductee’s deduction total over Rs.150000. but in TDSMAN TDS software are calculate amount in 80CCE and file validation error as above.
Dear Rameshbhai,
You are getting this error because department’s utility(FVU) is still not updated for the new 1.5 lac rule. You have to wait till the utility is updated.