TDS Return errors for 24Q Q4 FY 2023-24
This query is : Resolved
Quick Summary
14 May 2024
I am filling TDS return of Salary of Q4 FY 2023-24, following errors occur while filling return, kindly guide me. (TDS return utility Ver. 5.1).
1) 52 Salary Detail Regular Other special allowances under section 10(14) NA 1 T_FV_6352 Invalid value provided under field 'Other special allowances under section 10(14)'.
2) 55 Salary Detail Regular Total Taxable Income NA 2 T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
3) 61 Salary Detail Regular Travel Concession or assistance [section 10(5)] NA 4 T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No] ', then no value should be specified under this field for statements from FY 2023-24
1) 52 Salary Detail Regular Other special allowances under section 10(14) NA 1 T_FV_6352 Invalid value provided under field 'Other special allowances under section 10(14)'.
2) 55 Salary Detail Regular Total Taxable Income NA 2 T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
3) 61 Salary Detail Regular Travel Concession or assistance [section 10(5)] NA 4 T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No] ', then no value should be specified under this field for statements from FY 2023-24
11 July 2024
These errors are specific to the TDS return utility (Ver. 5.1) and relate to the fields and values you are entering for salary details in the return. Let's address each error and how you can resolve them:
### Error 1: T_FV_6352 Invalid value provided under field 'Other special allowances under section 10(14)'
- **Issue:** This error indicates that there might be an issue with the value entered in the field 'Other special allowances under section 10(14)'.
- **Resolution:**
- Verify the value entered in the 'Other special allowances under section 10(14)' field.
- Ensure that the value entered is compliant with the format and requirements specified in the TDS return utility.
- Check if the value should be numeric or if there are any specific characters or formatting requirements for this field.
### Error 2: T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
- **Issue:** This error suggests that there is a mismatch between the calculated total taxable income and the expected difference between gross total income and deductions under Chapter VI-A.
- **Resolution:**
- Double-check the calculations for 'Gross Total Income', 'Amount deductible under provisions of chapter VI-A', and ensure they are correctly filled in.
- Verify the calculation of 'Total Taxable Income' and ensure it matches the difference between 'Gross Total Income' and deductions under Chapter VI-A.
- Correct any discrepancies in the figures and ensure accurate data entry.
### Error 3: T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No]', then no value should be specified under this field for statements from FY 2023-24
- **Issue:** This error indicates that if you select 'N' (No) for the field related to opting for taxation under section 115BAC, then no value should be specified for certain fields.
- **Resolution:**
- Review the field related to opting for taxation under section 115BAC.
- Ensure that if you have selected 'N' (No), then any associated fields that should not have values specified should indeed be left blank as required.
- Make necessary corrections by removing values from fields where 'N' is selected.
### General Steps:
- **Validate Data Entry:** Go through each section of the TDS return utility carefully and validate all data entries.
- **Refer to Guidelines:** Consult the user manual or guidelines provided with the TDS return utility to ensure compliance with field specifications and formats.
- **Correct and Resubmit:** Once errors are identified and corrected, generate a revised TDS return file and upload it through the TRACES portal.
If these errors persist or if you need further assistance, consider consulting a tax professional or reaching out to the helpline provided by the Income Tax Department for specific guidance related to the TDS return filing process. Accuracy in data entry and compliance with formatting rules are crucial to successfully submitting your TDS return without errors.
### Error 1: T_FV_6352 Invalid value provided under field 'Other special allowances under section 10(14)'
- **Issue:** This error indicates that there might be an issue with the value entered in the field 'Other special allowances under section 10(14)'.
- **Resolution:**
- Verify the value entered in the 'Other special allowances under section 10(14)' field.
- Ensure that the value entered is compliant with the format and requirements specified in the TDS return utility.
- Check if the value should be numeric or if there are any specific characters or formatting requirements for this field.
### Error 2: T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
- **Issue:** This error suggests that there is a mismatch between the calculated total taxable income and the expected difference between gross total income and deductions under Chapter VI-A.
- **Resolution:**
- Double-check the calculations for 'Gross Total Income', 'Amount deductible under provisions of chapter VI-A', and ensure they are correctly filled in.
- Verify the calculation of 'Total Taxable Income' and ensure it matches the difference between 'Gross Total Income' and deductions under Chapter VI-A.
- Correct any discrepancies in the figures and ensure accurate data entry.
### Error 3: T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No]', then no value should be specified under this field for statements from FY 2023-24
- **Issue:** This error indicates that if you select 'N' (No) for the field related to opting for taxation under section 115BAC, then no value should be specified for certain fields.
- **Resolution:**
- Review the field related to opting for taxation under section 115BAC.
- Ensure that if you have selected 'N' (No), then any associated fields that should not have values specified should indeed be left blank as required.
- Make necessary corrections by removing values from fields where 'N' is selected.
### General Steps:
- **Validate Data Entry:** Go through each section of the TDS return utility carefully and validate all data entries.
- **Refer to Guidelines:** Consult the user manual or guidelines provided with the TDS return utility to ensure compliance with field specifications and formats.
- **Correct and Resubmit:** Once errors are identified and corrected, generate a revised TDS return file and upload it through the TRACES portal.
If these errors persist or if you need further assistance, consider consulting a tax professional or reaching out to the helpline provided by the Income Tax Department for specific guidance related to the TDS return filing process. Accuracy in data entry and compliance with formatting rules are crucial to successfully submitting your TDS return without errors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- ECO SUPPLY REPORTIONG IN GSTR-1
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Payment to foreign customer
- Non issue of e way bill
- Subscription paid to foreign customer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
