CPC (TDS) drive for closure of Short Payment Defaults to facilitate downloading of Conso Files/ TDS Certificates
The Centralized Processing Centre (TDS) is sending notice based on its records if there are Short Payment Defaults in Quarterly TDS Statements
submitted by you and restricts downloading of Consolidated Files and TDS Certificates
for TAN in default.
Please note that
- CPC (TDS) has initiated a special drive for closure of Short Payment Defaults due to Unmatched or Insufficient Challans in the TDS Statements.
- Since the due date for filing of TDS Statements for Quarter 4, 2014-15 and distribution of TDS Certificates subsequently is approaching fast, you are suggested to close the above defaults without any further loss of time.
The Short payment defaults in the TDS Statements may appear due to the following reasons:
A. Unmatched Challans:
- At times, data entry mistakes are committed, while reporting tax payments in the respective TDS statements.
- Incorrect quoting of TAN in ITNS 281 at the time of Deposit of TDS.
- While depositing TDS, incorrect Assessment Year may have been reported in challan ITNS281, while statement pertains to a different Assessment Year.
- Multiple OLTAS challans may have been reported in the TDS statement incorrectly, with information pertaining to only one challan, and mapped with the referenced Deductee rows.
B. Insufficient Challans: