TDS Return 26Q Preparation by using NSDL RPU.

I think deduction is 20% without PAN and not 30% except in case of 194B

From F.Y 2010-11 for getting the TDS returns validated - PAN details of 100% deductees are required. In case PAN is unavailable then TDs at a higher rate of 20% (30% in case of sec. 194B, 194BB) is required to be deducted.

In the input file there is a column viz. Rate at which TDS deducted, wherein you have to select the the option of Higher rate than the rate in force. After carrying out this exercise for all the deductees whose PAN is unavailable you will be able to validate the file.

Caution: Incase TDS is not deducted at a higher rate as mentioned above, despite not having PAN details of deductees, then you will subsequently receive a notice for making payment of short deduction of tax.

Dear Babu,

After fill all the details select C in the coloumn for Reason. If you don't seclect the same the error msg display.

regards

Dear Ram Babu,

Write PANNOTAVBL in cell of Pan no. insteat of leaving it blank. and select C in the column for reason.

I AGREE WITH SUMAN INANI

In filing the etds return of 26Q last month i have no pan number of some deductee then i selected the higher rate of deduction i.e C.  Now revising the return with PAN Number higher rate of deduction i.e C is not removed. Please help me about this matter.

Hi,

I received a notice from IT department, its regarding short deductions in 26Q1 of Financial year 2012-2013. I couldn't able to get the justification report in Traces to get the short deductions list as per IT notice. Please help me on this.

@ vanaja for downloading of justification report u need to enter valid RR no and bsr code /date/amount of challan no and three valid pan cad and amount deducted of three persons .

Hi We have submited the 27Q Return when PAN No was not there 

Now we got the PAN NO & we have revised the Return 

Now the demad notice has come due to we have not removed C flag

How can we remove C Flag Advice Please..

I have file a return 26Q2, but due to some typical mistake, one Pan No. was wrongly typed. Income tax department send a letter for this default with short deduction with interest. I have again file correction statement after updating Pan No. But still Income tax department send a letter that since this dafualt is due to Pan Error , hence you are required to Deduct TDS at 20% instead of 10% with interest. Now I have deposited increased TDS amount with interest through challan. But when I go to prepare revised 26Q2 , i am unable to understand where I should entered this amount, because in Challan, I add it, but in Annexure when I go to add this record for deductee, it is required amount which should be greater than 0, then How could I make entry , so that this TDS could reflect into deductee income tax record.

Rajkumar Bansal

SELECT "C" IN THE CATEGORY OF DEDUCTION AT HIGHER/LOWER RATE. "C" IS FOR HIGHER RATE.