TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2011 Dear All

One of our client have deposited TDS online for three quarters for the F.Y. 2010-11 with one challan (total of three quarter) . Now he is required to file three TDS returns for each quarter separately , how he can file it since he have only one challan for all three quarters , one challan no. date . Pls suggest.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 January 2011 The procedure adopted is completely wrong.
Now only way out is enter same challan details in your TDS return of all three quarters (It is necessary to get it matched with CSI file). Now mention the respective deductee details of each quarter in the respective quarter return.
For Example
TDS 1Q-100
TDS 2Q-200
TDS 3Q-300

One challan of Rs 600 deposited.

Now in all three quarter return enter Challan amount Rs 600 and same CIN no date, etc. But in deductee details in 1st quarter show Rs 100, 2nd quarter show Rs 200 and in 3rd Quarter show Rs 300. Im all quarter returns it will show as excess amount deposited. When a query is raised you will have to clarify the situation.

Querist : Anonymous

Querist : Anonymous (Querist)

26 January 2011 Thank you very much for your suggest. I have certain points in my mind 1. Since we mention one challan no and amount Rs 600.00 for all the three returns could they accept our returns , processed and approved in NSDL and also take credited in Form 26AS. Infect if they consider the total of tax deposited and claimed in three quarters , it will be tallied . 2.What is CSI file ? Thanks

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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26 January 2011 dear anonymous,
expert said what u asked after.
there is no problem when u file your return in the sense,when u filed your three qtr. return the tds total is going to be rs. 600/- ok and you have deposited rs. 600/- on that challan so the qtr. and qtrly return amount tallied. so no problem and if you worried about CSI file then when u filed first qtr. and second then there should be a message of ummatched challan but its not a problem.
do the right way without hesitation as per experts says.
go for it.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 January 2011 csi file is new addition in recent fvu it contains the details of challan deposited and verifies them with details mentioned in our return.
Also my suggestion is based on my practical experience i faced similar problem in case of a client and had applied this method after consultation with NSDL Helpdesk.