MISMATCH OF TDS
1. A major problem noted across the country is that of mis-match of TDS payments claimed by the deductees in their returns of income vis-à-vis the TDS payments reflected by the deductors in their e-TDS returns and also the non reflection of the TDS payments in the system, in case the e-TDS returns have not been filed by the deductors.
2. As per the present procedure, all payment of Direct Taxes, either by way of TDS / TCS, Advance-tax, Self-Assessment Tax and Regular Tax are uploaded to the credit of the concerned assessee in the computer systems. The Assessing Officers give credit to the taxes, when they are uploaded to the account of the concerned assessee through the national network of the Income-tax Department. In case of TDS / TCS, unless the deductors correctly upload the details of the deductions including the PAN and the amount, the taxes cannot be given credit in the account of the concerned deductee.
3. In all cases where there is a mis-match, the tax credits cannot be given, resulting in withholding of refunds and also creation of infructuous demand.
Main reasons for TDS mismatch
Deductor related reasons :
• Non filing of quarterly TDS statements • Omission to include details of challan in TDS statement
• Quoting wrong CIN in challan details in the TDS statement
• Entering wrong amount in challan details
• Quoting of wrong TAN in the challan while remitting the TDS in the bank
• Quoting of wrong minor head in the challan while remitting the TDS
• Omission to include details of a deductee in the challan wise annexure in the TDS statement
• Non quoting of PAN of the deductee
• Quoting of structurally invalid PAN of the deductee
• Quoting of valid but non existent PAN of deductee
• Quoting of valid but incorrect PAN of deductee
• Entering incorrect amount in deductee details
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