18 January 2012
Hi, Dear all experts. Once again I present with new queries. 1. My company has got defaults for two years all quarterly TDS return. I have downloaded some default reports & in most of TDS authority marked short late payment interest. As per dept. calculation if we deduct TDS between 1st of month to 7th of month, we have to pay till 7th of current month otherwise one month interest payable. But as per my knowledge, we have to pay last month's TDS in current month till 7th. If payable then how to revise return? To whom credit to be given? And in 281 co-deductee or non co-deductee how to be mentioned? Against short interest demand need to revise return? 2. To download default report we have to provide three distinct PAN but if haven't three in challan then? I have provided two but system demands three is must. Kindly guide. 3. If I want to revise VAT & service tax return, should I need to download consolidated statement like TDS or is there any other way? Kindly explain
19 January 2012
1.If the departments calculation shows the interest calculation more, it might be due to the fact that you have wrongly put the date of credit in the date of return. The department calculates interest based on the data given in the tds return. So do check the same in your returns.
2. Three distinct PAN and challan is not related. You have to give one challan details first. Then give details of three distictive PAN and corresponding deducted amounts even if it is paid using different challan. If there is only one challan and one deductee details, the same would be enough to download the default files
19 January 2012
Dear Sir, I have checked my all data after downloading default report but I couldn't get anything wrong in it. On 19.01.2012 I have gone to charni road ITO office to meet TDS ITO & showed him default report. He is also agree with this mistake of one month excess interest calculation for the deduction between 1st of month to 7th of month. He suggested me to mail to DIT regarding this mistake & I have already sent mail to ASK. Regarding three distinct PAN, if in any challan only two deductee are involved or one only then how can we provide more PANs & I entered two PAN but system hasn't accpted. Kindly reply
20 January 2012
Please not that if there is only two deductee record (PAN) against a single challan you need to give only two. and if there is no other payment during the quarter these two pan will do your porpose. But if there is more than two pan you have have to fill one more pan and amount deducted even if it is paid using a different challan. Please note that providing challan details and PAN details is independent of each other.
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