TDS ON TRANSPORT CONTRACTORS HAS BEEN ABOLISHED WEF.01.10.2009 PROVIDED THE DEDUCTEE HAS TO PROVIDE HIS PAN. HOWEVER TDS IS APPLICABLE TILL MARCH 2010 @ 1% ON THOSE WHO ARE NOT HAVING THE PAN , NOW MANY HAS DEDUCTED TDS AND PAID. BUT THE DEDUCTER IS NOT ABLE TO PROCESS THE QUARTERLY RETURN 26Q 3 AND 26 Q4 SINCE THE PARAMETER OF 85% PAN REQUIREMENTS. IS THERE ANY SOLUTION SUGGESTED BY DEPARTMENT ,IF IT IS PLEASE ADVISE.
7 Replies
Vivek Jarial
(Student)
(272 Points)
Replied 26 June 2010
No soloution you have to collect the pan no from the specific party,
CA. Prabudh Sharma
(CA)
(83 Points)
Replied 26 June 2010
There is a certain solution.
I have done this.
Follow as under:
The amount deposited vide that particular challan should be mentioned in the original as well as correction return. Refer below example:
- Suppose a challan payment of Rs.1,00,000/- has been made for non-salary TDS against 100 deductees each with TDS of Rs.1,000/-. Under the existing procedure the deductor will have to quote at least 85 PAN failing which his return will be rejected.
- If there are only 50 deductees whose PAN is available and the deductor attempts to file a return with details of 100 deductees with PAN of only 50 deductees, the return will automatically be rejected at present.
- However, if he files a return with challan amount of Rs. 1,00,000/- and with details of 50 deductees with PAN, with deductee total of Rs.50,000/-, the return will be accepted. It means the deductor can furnish the details relating to such deductees whose PANs are available.
- The deductor can later file correction returns with other details of remaining deductees with the same challan details, i.e., the challan amount should be the amount deposited (in this case Rs. 1,00,000/-).
- The return will be accepted so long as the TDS total of incremental deductees is less than or equal to the balance of Rs.50,000/-.
Also visit www.tin-nsdl.com
(Guest)
| Originally posted by : Prabudh Sharma | ||
 |
There is a certain solution. I have done this. Follow as under: The amount deposited vide that particular challan should be mentioned in the original as well as correction return. Refer below example: Suppose a challan payment of Rs.1,00,000/- has been made for non-salary TDS against 100 deductees each with TDS of Rs.1,000/-. Under the existing procedure the deductor will have to quote at least 85 PAN failing which his return will be rejected. If there are only 50 deductees whose PAN is available and the deductor attempts to file a return with details of 100 deductees with PAN of only 50 deductees, the return will automatically be rejected at present. However, if he files a return with challan amount of Rs. 1,00,000/- and with details of 50 deductees with PAN, with deductee total of Rs.50,000/-, the return will be accepted. It means the deductor can furnish the details relating to such deductees whose PANs are available. The deductor can later file correction returns with other details of remaining deductees with the same challan details, i.e., the challan amount should be the amount deposited (in this case Rs. 1,00,000/-). The return will be accepted so long as the TDS total of incremental deductees is less than or equal to the balance of Rs.50,000/-. Also visit www.tin-nsdl.com |
 |
agree with prabudh
RAKESH
(Almost CA)
(2199 Points)
Replied 27 June 2010
hi . even i m facing the same problem in 24Q. there are 11 employees and 1 of whom does not have PAN then the criteria of 95% is not filled and the return is pending for this. what should be done so that the return is filed. can we break the entries and bring the percentage to 95%................
Sanjay Gupta
(.)
(66 Points)
Replied 28 June 2010
You can process your first quarter eTDS/ eTCS returns for free by using the JS @ eTDS (F.Y. 2010-11) Free Trial software. Download it from https://jcs-etds.com/free-
The licensed version is priced at Rs. 995/-. Special Price of Rs. 895/- till 20th July, 2010.
For attractive reselling opportunities, please visit https://jcs-etds.com/reseller.
JS @ eTDS is an easy software for processing & generating eTDS / eTCS returns for Forms 24Q, 26Q, 27Q, 27EQ. It also prints TDS Certificates - Forms 16 & 16A and TCS Certificates - Form 27D.
For more information, please visit www.jcs-etds.com
Sanjay Gupta
(.)
(66 Points)
Replied 28 June 2010
| Originally posted by : Sanjay Gupta | ||
|
|
You can process your first quarter eTDS/ eTCS returns for free by using the JS @ eTDS (F.Y. 2010-11) Free Trial software. Download it from https://jcs-etds.com/free-trial.php The licensed version is priced at Rs. 995/-. Special Price of Rs. 895/- till 20th July, 2010. For attractive reselling opportunities, please visit https://jcs-etds.com/reseller.php JS @ eTDS is an easy software for processing & generating eTDS / eTCS returns for Forms 24Q, 26Q, 27Q, 27EQ. It also prints TDS Certificates - Forms 16 & 16A and TCS Certificates - Form 27D. For more information, please visit www.jcs-etds.com |
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