Do’s & Don’ts for TDS Returns

Given below are some do’s and don’ts for filing of TDS returns:

Do’s

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

Don’ts

1. Don’t file late returns as it affects deductee tax credit.
2. Don’t quote incorrect TAN/PAN or use PAN in place of TAN or vice versa.
3. Don’t enter incorrect challan.
4. Don’t make mistake while mentioning Assessment Year in the challan.

   Preparing Salary TDS Return – Form 24Q (Q4)