Given below are some do’s and don’ts for filing of TDS returns:
- Ensure that TDS return is filed with the 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 the correct rate for each deductee record.
- File correction statement as soon as the discrepancy is noticed.
- Issue TDS certificate downloaded from TRACES website.
- Don’t file late returns as it affects deductee tax credit.
- Don’t quote incorrect TAN/PAN or use PAN in place of TAN or vice versa.
- Don’t enter incorrect challan.
- Don’t make mistake while mentioning Assessment Year in the challan.