(Q1.)What is the password to open Default Intimation Notice?
- The password to open Default Intimation Notice is First Four Letters of TAN_Date of Filing of Regular Statement (Date should be in the format of DDMMYYYY) for e.g., if TAN is ABCD12345E and date of filing of regular statement is 30-Sep-2012, enter password as 'ABCD_30092012'.
(Q2.)How to get date of filing of regular statement? - To search date of filing of regular statement Deductor needs to click on "Statement Status" option available under "Statements/Payments" tab.
Steps to view Statement Status are as follows: - Step 1: Login to TRACES website with "User ID", "Password" and enter "Verification code". Landing Page will be displayed on the screen.
- Step 2: Click on "Statement Status" option available under "Statements/Payments" tab.
- Step 3: Select one of the below search options:
Option 1: Statement: Enter Financial Year, Quarter and Form Type.
Option 2: Token Number: Enter "Provisional Receipt/Token Number".
Option 3: Statement Status: Enter "Financial Year of filing" (in which statement has been filed), Quarter of filing, Form Type and Statement Status.
Option 4: During Last 3 Months: Statement status filed during last 3 Months will be displayed.
(Q3.)What should I do to surrender the TAN?
- Deductor needs to contact Jurisdiction Assessing Officer.
(Q4.)Is the rounding off under section 288B allowed at Deductee row level?
- Rounding off under section 288B is allowed at the statement level, not at the Deductee row level.
(Q5.)Which field can be updated in case of higher deduction Flag "C" raised in the Deductee row? - If "C" flag is raised below fields are updatable only:
- Deductee Reference Number
(Q6.)I have received notice of PAN error communication u/s 154. I have already paid the TDS at the higher rate. There is no default in "Default Summary" at TRACES. What should I do?
- Pan Error communication is not a Default Notice. It is the informational communication that invalid PAN(s)/ PAN not available entries have been found in the statement.
Please check and file the correction statement with valid PAN(s) if required. (Q7.)I received default notice from TDS CPC but I have checked the statement, all details are correct. What should I do?
- To verify the default in the statement, please download the Justification Report for particular Financial Year, Form Type and Quarter. Justification Report helps to identify the default at Statement Transaction level and to rectify them.
(Q8.)How are the particulars of those employees who are with the employer for a part of the year to be shown in Form 24Q?
- Where any employee has worked with a Deductor (employer) for a part of the F.Y only, Deductor should deduct TDS from his salary and report the same in Form 24Q of the respective quarter(s) up to the date of the employment with him. Further, while submitting the Form 24Q for the last quarter, Deductor should include particulars of that employee in Annexure 2 irrespective of the fact that the employee was not under his employment on the last day of the year.
Similarly, where the employee joins the employment with Deductor during course of the Financial Year, his TDS particulars should be reported by the current Deductor in Form 24Q of the relevant quarter. Further, while submitting the Form 24Q for the last quarter, Deductor should include particulars of TDS of such employee for the actual period of the employment under him in Annexure 1 & 2. (Q9.)I have deposited extra TDS/TCS amount. Where can I use available balance of Challan? - Available Balance of Challan can be used as follows:
- Available amount can be used for payment of TDS/TCS in forth coming and previous Quarters or payment of any Demand (if generated).
- Deductor can file Refund for the available balance of Challan (as per guidelines).
(Q10.)Which Challan should be used for payment of demand?
- Deductor need to pay demand through Challan ITNS-281
(Q11.)Which Minor Head needs to select while doing TDS/TCS demand payment?
- Minor head - 400.
(Q12.)How to know about the default amount at PAN level for all the TAN(s) associated with single PAN?
- To check the list of defaults of various TANs associated with single PAN. Please download "Aggregated TDS Compliance" report from TRACES at Taxpayer login
For downloading "Aggregated TDS Compliance" report, please check E-tutorials uploaded on TRACES website (www.tdscpc.gov.in). (Q13.)I had mentioned wrong PAN for one of my deductee in TDS statement, now I want to rectify the same. What is the procedure for such rectification and how many times can I change the PAN?
- You have to file correction statement through (Online/Offline through Consolidated File) to rectify the PAN. You can change an Invalid PAN to Valid PAN two (2) times and Valid PAN to Valid PAN correction is allowed only once.
Note: - For online & Offline correction through TRACES, DSC registration is mandatory at TRACES. (Q14.)What will be the due date for filing the TDS/TCS statement if due date falls on Sunday or holiday?
- In that case due date will be considered as the next business day.
(Q15.) Is it mandatory to file Correction Statement, if I have deposited my Default Amount?
- Yes, in order to remove the default, Deductor has to file Correction Statement after depositing the default amount.
(Q16.)I have corrected PAN in Annexure - I of Form 24Q, Quarter - 4, but still demand is available?
- In order to remove demand please check Annexure 2 as well and do the correction in Annexure - 2 also (if required).
