TDS RETUN ERROR "T-FV-4086"

This query is : Resolved

Mazhar (Querist)
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04 June 2024 Hi ca expert team please resolve this error.

T-FV-4086 Valid Amount of Payment / Credit / Debited must be provided
Please help how to resolve this error

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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11 July 2024 The error message "T-FV-4086 Valid Amount of Payment / Credit / Debited must be provided" typically occurs in the context of filing TDS (Tax Deducted at Source) returns on the TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal. This error indicates that there is an issue with the amount details provided in the TDS return. Here’s how you can resolve this error:

### Steps to Resolve T-FV-4086 Error:

1. **Check Amount Details:**
- Ensure that all amounts related to payment, credit, or debited are accurately filled in the TDS return.
- Double-check the figures for TDS amount deducted, interest, late fee (if applicable), and other related amounts.

2. **Correct Data Entry:**
- Review the data entry in your TDS return form (such as Form 26Q, 24Q, etc.) to verify that the amount fields are correctly populated.
- Make sure there are no typographical errors or discrepancies in the amounts entered.

3. **Valid Amounts:**
- Ensure that the amounts entered are valid as per the rules and formats specified by the Income Tax Department.
- For example, ensure that decimal points and commas are placed correctly as per the format required.

4. **Rectify and Resubmit:**
- If you identified any errors or discrepancies in the amount details, rectify them in the TDS return form.
- Once corrected, generate a revised or corrected TDS return file.

5. **Upload Corrected File:**
- Log in to the TRACES portal using your credentials.
- Navigate to the relevant section for filing TDS returns (e.g., "Upload TDS" or "File Correction" section).

6. **Submit Correction Statement:**
- Upload the corrected TDS return file (correction statement) that includes the accurate amount details.
- Follow the prompts on the portal to complete the submission process.

7. **Verify Submission:**
- After uploading the corrected file, verify that the submission is successful.
- Check for any confirmation messages or status updates on the portal regarding the submission of the correction statement.

8. **Monitor Status:**
- Monitor the status of your correction statement on the TRACES portal.
- The status should eventually reflect whether the correction has been processed successfully by the Income Tax Department.

### Additional Tips:

- **Documentation:** Keep records of all communications, submissions, and acknowledgments related to the correction statement.
- **Consultation:** If you continue to face difficulties or if the error persists after correction, consider seeking assistance from a tax professional or contacting the CPC (Centralized Processing Center) helpline for further guidance.

By following these steps, you should be able to resolve the T-FV-4086 error related to the validity of amount details in your TDS return on the TRACES portal effectively. Ensure accuracy and compliance with Income Tax regulations to avoid future issues.