Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2013 If we pay for Non-Filing Penalty,then what can we do?

1. whether to be revised original return?

(or)

2. Whether draft a letter to the Assessing Officer?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 December 2013 INFORM AO BY WRITING A LETTER BY GIVING THE REFERENCE OF DEMAND NOTICE, IF ANY, AGAINST WHICH THE FEE IS BEING PAID.

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Ganeshbabu K

Ganeshbabu K (Expert)
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11 December 2013 What should One do on receipt of demand notice u/s 234E Late Filing?

The default amount will have to be deposited through challan no. 281. Download conso file from TRACES for filing correction and tag the paid challan without adding any deductee records. While filing correction, fill up the fee amount in ‘Fee’ column in challan detail.

Note: There is no need to send any communication to TDSCPC separately.

Late filing correction in RPUFor example: Due date of filling of TDS statement form 26Q for Quarter 4 is 15th May , however statement 26Q has been filed with the delay of two(02) days. So deductor is required to quote late filing fee of Rs. 400.00( Rs. 200.00*2) as given below:
.
The “column” number for quoting of “fee” form wise is as under:
.
.
Form Type

Fee Column

24Q 305
26Q 404
27Q 706
27EQ 656

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Ganeshbabu K

Ganeshbabu K (Expert)
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11 December 2013 Latest development--Direct Online Corrections from TRACES website
.
.
As per the latest development in the TRACES, the following types of corrections can also be done directly from the TRACES website:

1. PAN Correction
2. Challan Correction

The existing system of preparing and filing correction return will also continue without any change.

Online corrections can be done in the following simple steps:

1. Login into the TRACES website.
2. Go to ‘Request for the correction’ under ‘Defaults’ menu and request the file to be corrected.
3. After request, go to ‘Track correction Request’ and select the file in which you want to make the corrections.
4. Make the required corrections in selected file.
5. Click on ‘Submit your Processing’ to submit your corrections.

to view the detailed tutorial on how to do Online Corrections--click here

https://www.tdscpc.gov.in/en/filing-correction-etutorial.html

Pre-requisites for making Online Corrections:

1. Traces website login details
2. Digital Signature

Click here,

https://www.tdscpc.gov.in/en/digital-signature-etutorial.html

to know how to add Digital signature to your website login)

Introduction of this new feature will simplify the process of corrections and will reduce unwanted repeated defaults.