16 July 2009
WHILE FILLING THE RPU SOFTWAER OF NSDL I AM FACING A PROBLEM. I AM FILLING 24Q OF A GOVT. DEPT. . THE DEPT. PAYS ITS INCOME TAX BY TRANSFERING THE AMOUNT THROUGH TREASURY. SO THERE IS A TV NUMBER. NOW WHILE FILLING THE COLUMN OF TANSFER VOUCHER/ CHALLAN SERIAL NUMBER THERE IS AN ERROR THAT I HAVE TO FILL THE BSR CODE . PLEASE SLOVE THE PROBLEM
21 July 2024
Yes, if the payment for TDS (Tax Deducted at Source) is made through book entry, typically there is no need to fill in the BSR (Basic Statistical Return) Code. Here’s why and how to proceed:
### Understanding Book Entry Payment:
1. **Book Entry vs. Challan Payment**: - Book entry refers to the method of payment where the funds are transferred electronically from the taxpayer's account to the government's account directly, without the use of a physical challan or voucher. - Challan payment, on the other hand, involves the use of a physical challan that contains details like BSR Code, challan serial number, and date of payment.
2. **BSR Code Requirement**: - The BSR Code is typically required when you are making a payment through a physical challan. It helps in identifying the bank branch through which the payment was made. - However, when the payment is made through book entry (electronic transfer), the concept of a BSR Code does not apply because there is no physical bank branch involved in the transaction.
### Steps to Proceed:
- **Select Correct Payment Mode**: In the context of the RPU (Return Preparation Utility) software for TDS filing: - When you are filling out details related to TDS payments, choose the option that indicates the payment is made through "Book Entry" or "Transfer Voucher/Challan Not Required." - This option signifies that the payment was done electronically, and therefore, no BSR Code is necessary.
- **Avoid Error Messages**: If the software prompts you to enter a BSR Code despite selecting book entry, it might be a default setting or an error in the software interface. In such cases: - Double-check the selected payment mode and ensure it accurately reflects the method of payment (book entry). - If necessary, consult the user manual or help documentation provided with the RPU software for specific instructions on handling payment modes.
- **Proceed with Submission**: Once you have filled out all other details accurately and selected the correct payment mode (book entry), proceed with generating the TDS return file. - Review the generated file to ensure all details are correct and aligned with the book entry payment method.
By following these steps, you can accurately reflect the method of TDS payment through book entry in the RPU software without needing to enter a BSR Code. This approach aligns with the standard practice for electronic payments and helps avoid unnecessary errors in your TDS filing process.
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