Excel for
Income Tax Traces has issued an advisory to the deductors with respect to use of TDS Challans in TDS Statements. The major Points are as under:
The advisory issued by CPC is as under: Dear Deductor As per the records of the Centralized Processing Cell (TDS), it has been observed that you have used multiple challans in a month, for payment of Tax Deducted. For Deductor's convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances : 1. Payment of Tax Deducted under different sections of the Income Tax Act, 1961:
The CPC(TDS) system gives credit of TDS against different sections of the Act, even though a specific section has been quoted in the challan. The challan used for payment of TDS relevant to Section 192 of the Act can also be used for the purpose of reporting tax deposited under Section 194 of the Act also.
2.
Payment of Tax Deducted for different Assessment Years: Example: If excess payment of Tax has been made in Quarter 1 of financial year 2013-14, the same can be used for Quarter 2,3&4 of F.Y. 2013-14 as well as for Q1 to Q4 of F.Y.2014-15. The excess amount of tax paid in Q1 of F.Y.2013-14 can also be used for payment of tax default of Q1 to Q4 of F.Y.2012-13.
3.
Different challans used for the purpose of reporting multiple Deductees associated with different branches with same TAN: If a Bank has multiple branches with same TAN, payment of Tax Deducted can be made by a single challan and all the deductees can be tagged using the same. Based on the above information, you may use a single challan in a month towards payment of Tax Deposited. For any 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. |