Duties of TDS Deductors

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Deduct Tax at Correct Rate and deposit in Government Account-Sec 200

Every person responsible for deducting tax at source shall at the time of payment or credit of income, whichever is earlier, verify whether the payment being made is to be subject to deduction of tax at source. If it is so, he must deduct such tax as per the prescribed rates. Further he is required to deposit such tax deducted in the Central Government Account within the prescribed time as specified in Rule 30.

Issue a TDS certificate

Further, such person is required to issue a certificate of tax deduction at source u/s 203 to the person from whose income the TDS has been done, in the prescribed proforma i.e. Form No.16A within prescribed time(as discussed earlier).

File Prescribed Return/Quarterly Statement

A return of TDS is a comprehensive statement containing details of payments made and taxes deducted thereon along with other prescribed details. For deductions made prior to 01.04.2005 earlier every deductor was required as per the provisions of Section 206 (read with Rule 36A and 37) to prepare and deliver an annual return, of tax deducted at source. However w.e.f. 01.04.2005 there is no requirement to file annual returns and instead Quarterly statements of TDS are to be submitted in form 26Q by the deductors.

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3 thoughts on “Duties of TDS Deductors

  1. TVS

    If TDS has been deducted by employer from a salaried individual who has already left that concern the employers do not send the Form16 to the employee despite repeated requests..
    What is to be done?

    Reply
  2. Rakesh Shah

    You can check 26as , if credit of tds deducted by employer is shown you can claim it at the time of filling return.

    Reply
  3. Vikram Shankar Mathur

    The following query needs to be resloved and I am posting what I emailed to contactus@tdscpc.gov.in a few days back.
    ======================================================================
    Reference: TAN: AHMJ03171A PAN: ADUPB2610E FY: 2015-2016 Type: Form26Q Quarter: Q4
    TDS COMMUNICATION REFERENCE: TDS/1516/26Q/D/100018901972 dated 19-May-2016

    SUBJECT: Deletion of Two challans inadvertently submitted in Quarter 4 while they have been correctly submitted in Quarter 3, aggregating to Rs. 12,433/-

    With reference to the OVERBOOKED CHALLAN of Rs. 12,433/- and the consequent INTIMATION U/S 200A OF THE INCOME TAX ACT, 1961 REFERENCE: TDS/1516/26Q/D/100018901972 DATED 19-MAY-2016 OF RS. 13,350/-. IN THIS REGARD, WE HAVE TO SUBMIT THAT THERE WAS AN INADVERTENT ERROR OF SUBMISSION OF TWO CHALLANS PERTAINING TO QUARTER 3 REPEATED DUE TO CLERICAL ERROR IN THE QUARTER 3. PLEASE REFER TO THE ATTACHED D0CUMENT THAT MAKES IT CLEAR THAT THIS IS JUST A CLERICAL ERROR AND THE TWO CHALLANS HIGHLIGHTED OF RS, 1641/- (SRNO 07021) AND RS. 10,792/- (SRNO 07022) AGGREGATING TO A TOTAL OF RS. 12,433/- WHICH WERE CORRECTLY SUBMITTED FOR EFILING IN QUARTER 3 AND INADVERTENTLY AGAIN SUBMITTED IN QUARTER 4 THROUGH A CLERICAL ERROR AND NEED TO BE DELETED FROM THE OLTAS SYSTEM.
    PLEASE FIND ATTACHED THE DOCUMENT WHICH HAS BEEN SUBMITTED BECAUSE DELETION OF THE SAID CHALLANS ARE DISABLED IN THE ETDS FILING SYSTEM BOTH IN THE EXTERNAL SOFTWARE USED BY US AND IN THE ONLINE CORRECTION SYSTEM AVAILABLE AT THE WEBSITE (http://TDSCPC.GOV.IN) .
    HENCE WE REQUEST YOU TO KINDLY RECTIFY THIS SITUATION BY MANUALLY DELETING THE CHALLANS WRONGLY SUBMITTED IN THE QUARTER 4 OF THIS FINANCIAL YEAR AND CONSQUENTLY DELETING THE DEMAND RAISED BY YOURSELF.

    THANKING YOU,

    YOURS SINCERELY,

    CA VIKRAM S. MATHUR
    MEM. NO. 043630

    Reply

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