Dear experts,
i filed 27Q TDS in Q1 2024-25, allthough i paid money to NRI seller in Aug 2024, because the seller was asking for 27Q before property registration, it looks like a stupid mistake on my part.
i filed 27Q by changing payment date to last day of June 2024 as RPU was throwing error.
now, i have received default and penalty on late filing, is it possible to correct the TDS or ask IT to reverse the penalty?
Regards,
Yes, it's possible to correct the TDS (Tax Deducted at Source) and request the Income Tax (IT) department to reverse the penalty. Here's a step-by-step approach:
1. _File a revised TDS statement_: Submit a revised TDS statement (27Q) with the correct payment date. Ensure you mention the original statement's details and the reason for revision.
2. _Submit a correction statement_: File a correction statement (27QC) to rectify the errors in the original statement.
3. _Write to the IT department_: Explain the situation in a letter or email to the IT department, providing:
- Original statement details
- Revised statement details
- Reason for revision (RPU error)
- Request for penalty reversal
4. _Cite relevant provisions_: Mention the relevant provisions of the Income-tax Act, 1961, and the IT rules that support your request.
5. _Attach supporting documents_: Include:
- Original and revised TDS statements
- Acknowledgment receipts
- Any other relevant documents
6. _Follow up_: If you don't receive a response, follow up with the IT department to ensure your request is processed.
Some important points to note:
- The IT department may consider reversing the penalty if they find the error was due to a technical glitch (RPU error) and not willful neglect.
- Keep a record of all correspondence and submissions.
- Be patient, as the process may take some time.
Dear Chandrashekhar, thanks a lot for your guidance,
I have downloaded consol request, buy when I selected correction in TDS RPU, it does not enable Quarter drop down to choose correct quarter: Q2, and date correction in challan tab creates error
is quarter change allowed in tds correction?
Here are some possible solutions to resolve the issues you're facing with the TDS RPU (Return Preparation Utility) software:
*Quarter dropdown not enabled:*
1. *Check the F.Y.*: Ensure that the Financial Year (F.Y.) selected is correct.
2. *Form type*: Verify that you've selected the correct form type (24Q, 26Q, 27Q, etc.).
3. *Correction type*: Make sure you've chosen the correct correction type (C1, C2, C3, etc.).
4. *Quarter details*: Check that you've entered the quarter details correctly.
*Date correction in challan tab creates error:*
1. *Date format*: Ensure the date is in the correct format (DD-MM-YYYY).
2. *Challan details*: Verify that the challan details, such as the BSR code, date, and amount, are accurate.
3. *Validate data*: Use the "Validate" option to check for errors before saving.
If these steps don't resolve the issues, consider the following:
1. *Update the software*: Ensure you're using the latest version of the TDS RPU software.
2. *Clear cache and temp files*: Clear the cache and temporary files, then restart the software.
3. *Contact the helpdesk*: Reach out to the TDS-CPC helpdesk or the NSDL e-Gov helpdesk for assistance.
Remember to carefully review the instructions and guidelines provided with the TDS RPU software to ensure accurate and error-free corrections.
CAclubindia
