TDS TCS RETURN PREPARATION UTILITY PART N
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The document outlines the process for preparing correction statements related to TDS/TCS returns using version 1.7.8 of a preparation utility. It describes procedures for handling unmatched and overbooked challans, detailing updates to deductor and challan information. Additional instructions emphasize the importance of using the latest consolidated files from the TDS-CPC (TRACES) website and provide examples for clarity.
TDS TCS RETURN PREPARATION UTILITY PART N
- 1. https:://gstambattur.in icainstituteannanagar@gmail.com 7550095215/ 7550085215 INSTITUTE OF COMPANY ACCOUNTANTS TDS TCS RETURN PREPARATION UTILITY (RPU) PART N
- 2. Confidential. NSDL e-Gov Internal useonly Preparation of Correction statements Click to opensaved correctionfile. Click to import the consolidated TDS/TCS file downloaded from TDS-CPC (TRACES) website Version 1.7.8
- 3. Confidential. NSDL e-Gov Internal useonly Preparation of Correction statements(cont..) Note: 1. Please ensure that the latest consolidated TDS/TCS file received from TRACES is used for preparation of correctionstatement. Select the respective consolidated file downloaded from TRACES and thenclick on “Open” Version 1.7.8
- 4. Confidential. NSDL e-Gov Internal useonly Preparation of Correction statements(cont..) Note: 3.What is overbookedchallan? • 1. 2.What is unmatchedchallan System will prompt message if Statement contains unmatched challans, overbooked challans and / or invalidPANs. ? • Deductor have not deposited taxes or have furnished incorrect particulars of tax payment. Unmatched challan will be highlighted in red colour. Payment details of TDS/TCS deposited in bank by deductor have matched with details mentioned in the TDS/TCS Statement but the amount is over claimed in the Statement. Overbooked challan will be highlighted in blue colour. After successful import this message will be displayed. Click on OK to continue For details refer note below
- 5. Confidential. NSDL e-Gov Internal useonly Correction –update in Deductor details To update deductor details other than TAN, select option “Other deductor details”
- 6. Confidential. NSDL e-Gov Internal useonly Correction -Challan details For update of challan select option “Update” for challan to be updated Addition of Challan(s)/Transfer Voucher(s) has been discontinued for Correction statement(s). For unmatched challans, update is allowed in all fields. For matched/overbooked challans, update is allowed only on fields ‘Section code’, ‘Interest amount (col. no. 20)’ and ‘Others amount (col. no.21)’. For overbooked challans, TDS credit, or apportioning of interest amount should be adjusted to the extent of over booked amount. A single challan can be utilized across all Forms (i.e. Form 24Q, 26Q, 27Q & 27EQ). Challan date can be any date on or after 1st April of immediate previous financial year for which the return is prepared. Example –Challan of `5000/-has been paid in Governments account. Out of `5000/-, ̀`2500/-utilized for Q1 of Form 24Q for FY2013- 14, now remaining `2500/-can be utilized in any other quarter of for any other Form as mentionedabove. Note: Version 1.7.8
- 7. https:://gstambattur.in icainstituteannanagar@gmail.com 7550095215/ 7550085215 INSTITUTE OF COMPANY ACCOUNTANTS THANK YOU