Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2014 I am working for a bank. Many of the customers whose tax is required to be deducted doesn't provide pan no.s. So the bank has deducted @ 20%. But the query is whether these non pan deductees should be filed or not in the TDS returns? More than 20% deductees doesn't provide pan no.s.

Kindly reply at the earliest.

Thank you.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 August 2014 yes since u have deducted u need to file tds returns

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2014 But what if we provide later the pan no.?

And what if the statement is rejected.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 August 2014 then tds return needs to be revised if pan provided

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2014 Thank you sir got the reply. I needed confirmation.

One more query can i ask?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 August 2014 yes sure u can ask..................

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2014 We filed TDS return for a non banking company. There was a mistake in the data provided by the company and due to hurry couldn't find time to cross check.

Company has entered the same challan no.s both in salary and non-salary. The challan has been booked under 24. We have received a notice for challan mistake and we have rectified the same by adding the left over challan. Software doesnt allow deletion of challan in correction mode. After the correction statemtent being filed, there is an extra entry for that particular deductee and one entry has remarks has over booked.

how to rectify the mistake of an extra entry?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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27 July 2025 For the extra entry (over-booked challan) in your corrected TDS return, here’s what you can do:

1. **You cannot delete challan entries in correction statements**, but you can adjust or rectify the mistake by filing another **Correction Statement**.

2. In this new correction statement, **reduce the excess TDS amount for that deductee to zero** by making negative entries for the overbooked amount under the same challan details. This essentially adjusts the extra entry.

3. Ensure the **total TDS amount in the correction return matches the actual tax deposited**.

4. After filing this correction, the TDS return will reconcile properly with the deposited challans.

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**Additional tips:**

* Use the latest TDS return preparation utility for filing correction statements.
* Keep all communications and acknowledgments of returns for future reference.
* If you face difficulty in making negative adjustments, you can consult your TDS return software support or tax consultant for precise steps.

Would you like me to help draft the negative adjustment entry format or guide you through the correction statement filing?

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