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Tds return on salary

gupta (Accountant) (305 Points)

06 May 2016

Dear All

We have deducted salary from a person for the qtr ended 30.06.2015 ( He worked only 3 months - and we have deducted TDS from his salary and filed 24Q) after that he left the company. Now the rest 9 month's there is no deduction of salary from any employee. My consultant is telling that we have to file the return for the qtr ended 31.03.16 also on the basis of 1st qtr( qtr ended 30.06.15) as it is a " deduction of salary-- 24Q'" otherwise we can't generate Form 16.

Can anybody guide me is it correct.

Thanks

Jayanta

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6 Replies

Vikas Gupta (Tax Executive) (530 Points)
Replied 07 May 2016

Besides filing quarter-wise return the deductor needs to file annual TDS return. And your consultant is correct here.

gupta (Accountant) (305 Points)
Replied 12 May 2016

Dear All We have deducted salary from a person for the qtr ended 30.06.2015 ( He worked only 3 months - and we have deducted TDS from his salary and filed 24Q) after that he left the company. Now the rest 9 month's there is no deduction of salary from any employee. My consultant is telling that we have to file the return for the qtr ended 31.03.16 also on the basis of 1st qtr( qtr ended 30.06.15) as it is a " deduction of salary-- 24Q'" otherwise we can't generate Form 16. Can anybody guide me is it correct.

We have filed 24Q for the qtr ended 31.03.16 and yesterday we got an intimation which I am furnishing below :-

Challan Mismatch/Challan Overbooked/PAN Error have been identified in the preliminary check of Regular statement filed by you for Quarter Q4 of F.Y 2015-16 for Form 24Q.
Your statement has been put on hold. You can apply online correction within 7 days to avoid potential defaults of Short Payment and PAN Error.
In case you do not avail this opportunity the statement would be processed with TDS defaults on account of Challan Mismatch/Challan Overbooked/PAN Error.
Justification Report & Consolidated TDS file will be available only after complete processing of TDS statement.

I have checked the PAN is correct.

So what is the fault I can't understand .

If anybody update me it will be great for me.

Thanks

Jayanta

Vikas Gupta (Tax Executive) (530 Points)
Replied 13 May 2016

Be sure that you have deposited the TDS deducted in quarter Ist and Form 24Q for quarter Ist bearing TDS deposited details has been submitted by you. If it is so, pls read FAQs for 4th quarter return as per guidelines of NSDL (Link given below).

https://www.tin-nsdl.com/faq/faq-form-fourth.php

gupta (Accountant) (305 Points)
Replied 13 May 2016

Thanks Mr. Vikas Gupta for your reply.

I have submitted form 24Q for the first qtr with the details of TDS deducted & deposited.

I have checked from the link you given --- in my side it is correct.Total 90000 salary he has drawn on three months ( Apr- June ) and I have deducted 2400 ( 800x3) and deposited the same.After June he left the company. Now I can't understand what is the problem, as per calculation no tax will come ( as he has not continued employment with us ) and we have deposited 2400/- so excess deposited tax.Then what is the problem? If short deduction or short deposit then might be problem but it is excess.

Now how I get form 16 ? today I tried to get the same it is not generating .

Pls help me out.

Thanks

Jayanta