There was one challan against which tds was paid and was accordingly shown in June quarterly TdS return.
Now while filing TDS return for the quarter ended September, the same challan was reported by mistake with different date of deduction and payment.But it was the same challan against which tds was deposited.The challan was already utilised.Now there is a notice of short payment with interest.What to do in this case?
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Default In TDS Return - Utilised Challan
Replies (14)
File correction
Prepare and file a new correction statement. Put Nil Values in the deductee details corresponding to the erroneous challan
We can only put gross amount paid and tds amount as zero rest all details we cannot modify or keep as nil
That's fine. It is to be done in this way only.
So basically I need to file revised tds return?
Yes. Revised tds return it is.
Also, there is one more doubt, der was a default in interest payment instead of 3 months we paid interest for 2 months.So, after filing tds return we received notice claiming for 1 month interest accordingly it was paid.Is there a need to revised tds return for the same?
If it is for the same tds return which we are talking earlier, you need to add the 1 month interest challan online first. Once the online correction is done, request conso file and then do the Nil in gross and tds.. and then file revised return
No it is the issue of the same tds return but the vendor in this case is different and not related to the one discussed earlier.
I have responded accordingly above.
Challan has been generated and the interest amount is already paid ..Do we need to report that in tds return?
Yes. It needs to be reported if the said demand is still showing open on the traces portal
Sir I m removing the details against the deductee in the conso file but the tds amount cannot be kept as zero either nor can keep nil...the error is t fv 4297...kindly suggest
I am not sure about your software as I file the returns from a software only. I am not aware of how the utility works
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