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ABCAUS Excel for Chartered Accountants

Excel for
Chartered Accountants

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TDS-CPC is sending notices to deductors for lower deposit of TDS as compared with FY 2014-15. The sample of the notice and the procedure for submitting response to the notice are as under:

Dear Deductor (TAN: XXXXXXXXXX),

You would appreciate that timely Deduction of Tax and it́s timely Deposit to the Government Account is in vital interest of the National Economy. Centralized Processing Cell (TDS) congratulates you for your valued partnership and contribution in the Nation building process.

However,as per the records of the Centralized Processing Cell (TDS), it has been observed that  there is (40%/ 45%/ 50%/ 55%/ 60%) reduction in the amount of Tax Deposited by you during the period April 1 to October 15, 2015  as compared to the corresponding period in Financial Year 2014-15.

You may have reasonable causes for less Deduction and less Paymentof tax with respect to the abovementioned reduction. CPC TDS has released a "Self Declaration" feature on web-portal TRACES with respect to Lower TDS deposited during a Quarter/s to facilitate the deductors to share the reasons for reduction in TDS deposited during the year or quarter compared to last year.

How to use the functionality:

·          Navigate to "Declaration to Deposit Lower TDS" under "Statements/ Payments" Menu

·          Add statement details with respect to Financial Year, Quarter and Form Type for which declaration needs to be made.

·          Add "Nature of Payment" and "TDS Lower by %"

·          Select "Reasons for Lower Deduction" from the drop down menu.

·          Check declaration by submitting "I Agree" radio button.

The following provides a view of the final screen after submitting required details:


tds lower deposit self declaration

TDS Lower deposit Self Declaration. Procedure to submit response to Centralized Processing Cell CPC-TDS Notices for the period 01-04-2015 to 15-10-2015 | 27-12-2015 |

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