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Qtly TDS/TCS returns

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2011 I) While submitting qtly TDS/TCS returns is it necessary to give the information of
1. all transporters whether above or below specified limit who have given PAN?
2. interest paid without deduction of tax because of form no 15G?
3. TCS not made as the customer of Scrap has furnished form no 27A?

II) Extra TDS is deposited for first qtr. (Rs. 10000 instead of Rs. 1000). Any remedy?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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16 July 2011 Details are required to be furnished in every case you have mentioned above, at appropriate places in the TDS/TCS returns.

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By giving the Reference of the Challan No and Date of payment, TDS return can be filed of the subsequent quarters also and such only the difference can be paid by adjusting the old credit during the year.

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For excess deposit in the last quarter you can not do such adjustments. The same will be granted as refund to you after going through the procedure as laid down U/s 200A.

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