Tds return
Anooj (Chartered Accountant) (2130 Points)
02 March 2012Anooj (Chartered Accountant) (2130 Points)
02 March 2012
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 02 March 2012
Even I also wanna to know the hardship being faced by the TDS Return Filer, since I am supervising the TDS return in my for last Seven Years and never found any such hardship in filing TDS return or Revised Return or replying any TDS Demand Notice which is unresolved and for any situation TIN facilitation Center and its helpline is open all the time. Also I am answerring the frequent question raised to/faced by me during this period
1 Is it necessary to revise the return if the demand notice relates to only interest on delayed payments?
Ans: Whenever there is any default found in your TDS return, the same will be generated in your TIN Login and the same shall be intimated through email. As per the present system there is no requirement at all to send any demand notice, system generated email is sufficient for the same. The default generated will only be corrected through filing of revise return.
Yes it is necessary to revise the return even if the demand relates only to the interest on delayed payments.
2 Is it necessary to deposit the demand of short payment if the same is related to wrongly mention of PAN No. of deductee in the TDS return or the demand can be vacated by filing the revised return?
Ans: If there is actual short payment of TDS then yes you have to deposit the same and that too along with interest. However if it relates to non availability/non mentioning of PAN number in the TDS return and if you have the PAN number of the deductee, you can file the revise return mentioning the PAN number.
If you don’t have the PAN number of the deductee or the deductee did not have the PAN number then you have to deposit the correct TDS and file the revise return.
3 How the default generated can be deleted on website tin-nsdl.com?
Ans: Default generated can be deleting only after filing of revise return subject to rectifying of all the defaults to the satisfaction of AO.
CA. Amit Kumar
(Practice)
(51 Points)
Replied 01 July 2012