POINTS TO REMEMBER FOR PREPARATION OF TDS RETURN ( AS AMENDED )
The due date of filing of
quarterly TDS statement for second quarter of FY 2013-14 is 15th October
Keep note of the following
facts before preparation of the quarterly TDS statement:
·
CORRECT REPORTING: it is very important to
report correct and valid particulars PAN of the deductees and other particulars
of deduction of tax as Cancellation of TDS statement and deductee row is no
longer permissible.
·
Quote correct and valid lower rate TDS
certificate in TDS statement wherever the TDS has been deducted at lower/zero
rate on the basis of certificate issued by the Assessing Officer
·
It is mandatory to quote the last accepted
provisional receipt number of the regular quarterly TDS/TCS statement of any
form.
·
TDS statement can not be filed without quoting
any valid challan and deductee row.
·
Late filing fee, being statutory in nature, can
not be waived.
·
Validate PAN and Name for old as well as new
deductees from TRACES and use the same to file new statement to avoid quoting
of incorrect and invalid PAN.
·
Download TDS certificate from TRACES bearing
unique TDS certificate number and issue to the taxpayers within due date.
·
File correction statements promptly in case of
incomplete and incorrect reporting.
·
Download the justification report to know the
details of TDS defaults, if any, on processing of TDS statement
