The taxpayee or TDS Deductor knows about the important points for consideration while filling of Quarterly or Annual e-TDS Returns the following points:
TAN: Quoting of Correct TAN of the deductor is essential.
2. If correction return is being filed then the provisional receipt number of the original return filed should be mentioned.
3. Particulars of the Deductor should be correctly filled, especially the address.
4. The details of tax deducted should be carefully filled, especially the column of section code of the challan, and Challan Identification Number i.e. BSR Code of the Branch of the bank in which challan deposited, date of payment and challan serial number
5. While filling the deductee details correct PAN of the deductee should be mentioned otherwise the deductee would not get the credit of the tax deducted
6. Even if the actual tax deposited through the challan is higher than the total of the amount of tax deducted on account of the deductees, challan details should contain the amount deposited as per the counterfoil only.
7. If TDS for two months (e.g. June and July) is paid using one challan, the same challan details can be repeated in TDS form for both Q1 and Q2. However, it should be ensured that the total TDS deposited for the corresponding deductees during statements for both quarters should be less than or equal to the challan amount.
8. Copy of challan duly filled in before remittance to bank should be retained by the deductor which would enable in filing the quarterly statements correctly.
TAN: Quoting of Correct TAN of the deductor is essential.
2. If correction return is being filed then the provisional receipt number of the original return filed should be mentioned.
3. Particulars of the Deductor should be correctly filled, especially the address.
4. The details of tax deducted should be carefully filled, especially the column of section code of the challan, and Challan Identification Number i.e. BSR Code of the Branch of the bank in which challan deposited, date of payment and challan serial number
5. While filling the deductee details correct PAN of the deductee should be mentioned otherwise the deductee would not get the credit of the tax deducted
6. Even if the actual tax deposited through the challan is higher than the total of the amount of tax deducted on account of the deductees, challan details should contain the amount deposited as per the counterfoil only.
7. If TDS for two months (e.g. June and July) is paid using one challan, the same challan details can be repeated in TDS form for both Q1 and Q2. However, it should be ensured that the total TDS deposited for the corresponding deductees during statements for both quarters should be less than or equal to the challan amount.
8. Copy of challan duly filled in before remittance to bank should be retained by the deductor which would enable in filing the quarterly statements correctly.
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