Tds returns


29 April 2014 Can anyone tell me,
We file 24Q returns of a company for Q1 and Q2 for the F.Y. 2013-14, and then shift employees to another company and for further Q3, Q4 salary paid by 2nd company.

Now my query is can we get from traces Form-16 of 1st company for Q1 & Q2 without filing returns of other quarters?

Regards
Sangeeta

29 April 2014 the said employee shall get Form 16 from both the companies. The first company, while filing Form 24Q for Q4, needs to provide relevant details for the said employee in Annexure II

29 April 2014 Mr. Nikhil,
we not pay any salary from 1st company in Q3 & Q4. Then how can i file Return for Q4.

29 April 2014 you are still required to fill Q4. otherwise you wont be able to generate form 16 for any of the employee. Form 16 is based on Annexure II.

29 April 2014 Mr. Nikhil,
Are you sure, I have to file Nil returns for this Q4 to generate Form-16 for earlier Quarters.

29 April 2014 Yes Sanggeta U can't generate form 16 without NIL submission. Coz If the department will not receive any information from your side then how can they generate such form.

29 April 2014 Ok, Thanks Mr. Sandeep, Nikhil to suggest.

29 April 2014 Ur welcome Sangeeta

29 April 2014 Mr. Sandeep,

I have prepared data to file Nil Return for Q4. When am pressing e-tds return, one message alart is shown in screen -
"Now there is change in filing of E-Tds Return. Now the department do not accept the return where no challan exist in the return".

Now tell me how can i file 24Q for Q4?

29 April 2014 In challan sheet u need to mention a dummy challan

29 April 2014 U can give the reference of the previous Quarter Challans(Q1 or Q2)submitted by ur company.

29 April 2014 Or u can also do as suggested by Nikhil.

29 April 2014 you cannot mention previous quarter challans.

What you need to do is to enter one Nil Challan as under:

7. Nil Statement

RPU can be used to prepare a return without a challan and/or deductee. If there is no challan i.e. when no tax has been deposited, then challan sheet should be filled as below:

Serial No. (Column no. 301): 1

Amount Fields i.e. TDS,Surcharge,Education Cess,Interest and Others(Column no 302 to 306): 0.00 (Zero)

Cheque / DD number
Blank

Date on which tax deposited (Column no. 311) e.g. for quarter 4
31/03/2014

Transfer voucher / Challan serial No. (Column no. 310)
Blank

Whether TDS Deposited by Book Entry ?(Yes)/(No) (Column no.308)
Blank

Interest `
0.00 (Zero)

Others `
0.00 (Zero)


29 April 2014 Mr. Nikhil,

Now no challan return will be filed by RPU only? No other option. Is it can be filed by own software?

29 April 2014 I dont know but i have submitted a nil return by giving previous quarter challan details. And it is processed without any difficulty.

29 April 2014 well you should not mention old challans because it is misrepresentation of facts.

Sangeeta - RPU is sufficient to deal with this problem. Kindly do as suggested. it should resolve your issued.

29 April 2014 Mr. Nikhil,

Is it possible to make a minimal Payment of Rs. 5, 10 to fullfill this requirement and to file 24Q.

29 April 2014 you may do so if you wish. as such there is no need. You can fill the nil challan as suggested. In case you are finding it difficult, you may consider paying Rs 5/10.

29 April 2014 Ok, Thank u so much.
Hope so this will work.

29 April 2014 you are welcome Sangeeta...take care.

30 April 2014 Mr. Nikhil,

Can you tell me one more thing-
When we prepare data for 24Q from own software, in "Amount paid" column Salary will be gross salary p.m. or Salary which exactly paid to empolyee after deduction of TDS?



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