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MISMATCH OF TDS

MISMATCH OF TDS.

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MISMATCH OF TDS

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  1. MISMATCH OF TDS • A major problem noted across the country is that of mis-match of TDS payments claimed by the deductees in their returns of income vis-à-vis the TDS payments reflected by the deductors in their e-TDS returns and also the non reflection of the TDS payments in the system, in case the e-TDS returns have not been filed by the deductors.

  2. MISMATCHES AT THE TIME OF PROCESSING

  3. Correction statements for correcting the mistakes in TDS statements

  4. Action to be taken by deductors for various types of errors

  5. Action to be taken by deductors for various types of errors

  6. Identification of the errors by the deductors • Visit the web-site tin-nsdl.com and click on quarterly statement status • View the status of the return i.e. whether received by TIN or not • View the “number of challans entered in the return” to identify the challans omitted to be entered • View the status of each challan entered in the return to see whether challan is booked or match failed or match pending

  7. Identification of the errors by the deductors • If status of challan is “match failed”, either the TAN or the amount does not match with bank data • TAN wrongly quoted in the challan by the deductor or wrongly entered by the bank while uploading challan data • Amount wrongly mentioned in the TDS statement by the deductor • If the status of challan is “match pending”, there is error in the CIN details entered in the TDS statement • View the count of deductees for each challan to identify any omission of deductee details • View the deductee status by giving PAN and amount

  8. Identification of the errors by the deductors • If status of challan is “match failed”, either the TAN or the amount does not match with bank data • TAN wrongly quoted in the challan by the deductor or wrongly entered by the bank while uploading challan data • Amount wrongly mentioned in the TDS statement by the deductor • If the status of challan is “match pending”, there is error in the CIN details entered in the TDS statement • View the count of deductees for each challan to identify any omission of deductee details • View the deductee status by giving PAN and amount

  9. Identification of the errors by the deductors • view the count of unbooked deductees with • no PAN / invalid PAN • PAN not in ITD data base • In cases of unbooked deductees with PAN not in ITD data base, view the challan record number, deductee record number and the PAN entered in the statement • Use the “challan status enquiry” facility in tin-nsdl.com for verification of errors in quoting of minor head code or TAN

  10. BANK RELATED REASONS • Entering wrong TAN while uploading the challan. • Entering wrong minor code, section, asst. year while uploading the challan.

  11. FOR ANY DETAILS/CLARIFICATIONS • VISIT THE WEBSITES • www.tin-nsdl.com • www.incometaxindia.gov.in

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