E-File TDS Statement for the Quarter ended on 31st March 2019 by 31st May 2019. Due date is extended to 30th June 2019 for Odisha. Avoid Late Fees of Rs. 200/- per day and levy of Penalty upto Rs. 1,00,000 by filing TDS Statement on or before due date.

INCOME TAX DEDUCTORS!

-TIME TO FILE TDS STATEMENT –

USE THE NEW FORMAT OF FORM 24Q FOR TDS ON SALARIES

The new format Improves accuracy and avoids mismatches in the Return of Income Tax filed by deductee

DOWNLOAD TDS CERTIFICATE

  • Form 16/16A, containing 7 character TDS certificate number, mandatorily form TRACES Portal https://www.tdscpc.gov.in (TDS certificate download only from TRACES Portal in valid)
  • Transaction Based Report (TBR) may be download instead of TDS certificate for deductee made from non-PAN non-residents,and reported in From No. 27Q

ISSUE TDS CERTIFICATE

Form 16 (on salary) for F.Y.2018-19 and From 16A (on income other than salary) for the quaver ended 31st March,2019 by 15th June,2019 (15th July,2019 for odisha). Delay in issue of TDS certificate shall result in penalty of Rs.100/- for each day of default.

ALERT

HAVE YOU…. THEN YOU MUST…
deducted Income Tax but not yet deposited it ? deposit the tax immediately
not registered on TRACES? register on http://www.tdscpc.gov.in
received SMS/email from CPC(TDS) about PAN/challan errors?  respond with in 7 days to avoid short payment default
entered correct PAN of your deductee? use PAN-TAN master facility on TRACES portal to verify correctness
Facilitated proper credit of tax  to deductee? enter your TAN, deductee’s PAN and CIN of payment challan correctly in the TDS statements, so that TDS Certificate in Form 16/16A can be generated from TRACES (Non Quoiting of correct details may lead to levy of penalty)
no transaction liable to TDS/TCS during this period?  intimated the same at TRACES portal,using ‘Declaration for Non-filling’ to avoid notice

Every Taxpayer is a Nation Builder  

More Under Income Tax

4 Comments

  1. venkat says:

    my ITR ready. Only waiting for 16A and 26AS. not updated till 30th May 19 10:00 AM. time submission ITR left reduced to 2 months!!!!!!!!

  2. vishwa says:

    Hi
    I had filed TDS (form 24Q4 and 26Q4) return for AY 2019-20 before the new format launched and Form 16 and 16A generated in TRACES.
    Is it OKAY? Or what should I Do now….

  3. RG Kamath says:

    my wife and i bought a flat, deducted tax as applicable and deposited the amount in the right account. however, we have not filed the tds return. as this is due to no knowledge of tax rules and laws, and no loss caused to anyone, please advise us as to who has the authority in the deptt who can waive the fee / penalty @ rs 200 per day.

    1. yogesh kumar says:

      Hey Kamath, are you talking about TDS u/s 194IA ?? Also please confirm how did you deposit the deducted TDS amount ?

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