| Customer Care: Toll-Free 1800 103 0344 ContactUs@tdscpc.gov.in Useful Links : TRACES Home TRACES Login e -Tutorials:
Quick Links: Right To Information TDSCPC Communications Circulars & Notifications FAQs |
011/2014
Date of communication : 22/02/2014 The Centralized Processing Cell (TDS), in its constant endeavour to keep our stakeholders informed and educated, feels glad to remind important facts related to submitting Correction Statements. Following are some useful information to adhere before submitting Corrections, with special reference to C3 & C9: What are C3 & C9 Corrections? · C3 Correction involves Updation or Addition of Deductee details in the TDS statement. The facility to delete Deductee records has now been discontinued for the purpose of correct reporting and is no longer permissible in the TDS statements. Accordingly, the delete option available under "Updation mode for Deductee" has been removed from RPU 3.8. · Revision of TDS Statement by way of Adding a new Challan and underlying Deducteesis referred to as C9 Correction. Important points to adhere while submitting Corrections: · Correct and Complete Reporting: It is very important to report correct and valid particulars (TAN of the deductor, Category (Government / Non-Government) of the deductor, PAN of the deductees and other particulars of deduction of tax) in the TDS statement. Please ensure that records are corrected for all deductees reported in the correctionsto avoid multiple submissions. · Addition of new deductee rows and thereby, challans is not encouraged by CPC (TDS), except for inadvertent errors. Please ensure that complete data is reported in the first instance, while quarterly TDS Statement is submitted. · Validate PAN and name of fresh deductees from TRACES before quoting it in correction statement. Download PAN Masterfrom TRACES and use the same to file new statement to avoid quoting of incorrect and invalid PAN · TDS statement cannot be filed without quoting any valid challan and deductee row · 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 · Download the Justification Report to know the details of TDS defaults, if any, on processing of TDS statements and submit corrections accordingly · File correction statements promptly in case of incomplete and incorrect reporting. Please use the new version 3.8 of the Return Preparation Utility (RPU) and version 4.1 & 2.137 of the File Validation Utility (FVU) released by NSDL. Please ensure that data for all deductees reported in TDS Statements are duly corrected which will help the deductees in claiming correct TDS Credits, besides generating correct TDS Certificates. For any further assistance, you can also write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344. CPC (TDS) is committed to provide best possible services to you.
CPC (TDS) TEAM
Notes: · Please maintain updated email address and Contact Number on TRACES to receive regular periodic updates and guidelines from TRACES. · Please refer to our FAQsand e-tutorialsfor detailed screen-driven assistance, before seeking further help. |
Saturday, 22 February 2014
Important CPC (TDS) Communication forsubmitting Correction Statements
Subscribe to:
Post Comments (Atom)
Gujarat High Court reaffirms mandatory right to personal hearing in Faceless Assessments
Recently, the Hon’ble Gujarat High Court in B.M. Developers v. Assessment Unit of Income-tax Department ruled in favor of the taxpayer and...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Selling a property can trigger a significant tax liability in the form of capital gains tax. However, the Income-tax Act, 1961, allows you...
-
Clarifications from the GST Council The GST Council has recommended the following clarifications on ISD and cross charge:
-
The Indian tax landscape has witnessed several significant judicial pronouncements in recent months. From the Supreme Court to various Hig...
-
The Income-tax Appellate Tribunal has recently notified the Income-tax (Appellate Tribunal) Amendment Rules, 2025, introducing important p...
-
The Goods and Services Tax (GST) regime continues to evolve through judicial interpretations. From the Supreme Court to various High Court...
-
Sr No Due Date Related to Compliance to be made 1 11.07.2026 GST ...
-
In the case of "Maya Gopinathan vs Anoop SB 2024 INSC 334," the Hon'ble Supreme Court provided insightful guidance on the de...
-
In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...
-
For Non-Resident Indians (NRIs) planning to move back home, the relocation is only half the journey. The other half is understanding how t...
No comments:
Post a Comment