Remark while filling TDS return of 194Q

TDS 1264 views 3 replies

What remark do we need to select while filling the TDS return for 194Q ?

1. Write “C” if deduction is on higher rate under section 206AA on account of non-furnishing of PAN

2. Write “S” if no deduction is in view of the provisions of sub-section (5) of section 194Q.*

3. Write “U” if the deduction is on higher rate in view of section 206AB for non-filing of return of income*

 

it doesnt allow to give remark of 

1. Amount Paid/Credited is Under Threshold

 

When i filled the return using "Amount Paid/Credited is Under Threshold" i got a error.

Error :

 

T_FV_6210 Invalid Remark Value provided for Section 194Q. Remarks 'C', 'S' and 'U' are applicable for this section

Replies (3)

You have to  refer  section  206AA , 206AB  and 194Q(5)  of  the Income Tax act  are applicable to you are not  , while filing TDS return . 

206AA - if  pan not  furnish by the  deductee  then higher rate of  TDS  is applicable 

206 AB -  if  IT returns are not filed by the deductee for last two years then  higher rate of  TDS is applicable 

194Q(5) - If  TDS  deducted  under any other section  or TCS collected under 206C  of the  IT act   , then 194 Q not applicable . 

This  is the summery  I have given you , so  you refer  above  section in detail  from the  Income Tac act  and  put  remark accordingly . 

It can not be blank?

You get error , I think .


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