CPC (TDS) has released a follow up communication
regarding closure of Short Payment Defaults in quarterly TDS Statements due to
Unmatched Challans.
The released communication has been given below:
Dear Deductor,
This is to inform you that Centralized Processing Cell
(TDS) has initiated a special drive for closure of Short Payment Defaults in
quarterly TDS Statements due to Unmatched Challans and your active
participation is crucial in ensuring successful outcomes.
For closure of Short Payment Defaults arising due to
Unmatched Challans quoted in TDS Statements, CPC(TDS) has further enhanced the
Online Correction facility at TRACES, providing you with the feature of “Move
Deductees” from Unmatched Challans to any other Unconsumed OLTAS Challan.
Please note that the above assumes further
significance towards ensuring non-intrusive TDS Compliance, since, Short
Payment Defaults ought to be closed at the time of submitting requests to
download Consolidated Files or TDS Certificates from the web portal
TRACES.
To facilitate closure of Short Payments due to
Unmatched Challans, CPC(TDS) has further improved the intelligence, simplicity
and convenience of Online Correction feature, as follows:
§ New Feature to Move Deductees added to Online
Correction facility:
CPC (TDS) has introduced Move Deductees facility in
Online Corrections for closure of Short Payment defaults in your quarterly TDS
Statements. With use of this feature, a portion of the Deductee Rows can now be
moved to any other Unconsumed OLTAS challan with adequate balance. The facility
can be used in the following situation:
Issue:
§ The challan(s) remain unmatched due to data entry
errors in the TDS Statement(s).
§ 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.
§ The incorrect Challan information furnished above is
causing Short Payment Defaults in the TDS Statement due to Unmatched Challans.
For instance, if there are two OLTAS challans reported
in the TDS Statement an if:
§ Total TDS in Deductee Rows, mapped to Unmatched
Challan(s): Rs. 1,10,000
§ OLTAS Challan CIN1: Rs. 1,00,000
§ OLTAS Challan CIN2: Rs. 10,000
§ Challan reporting in TDS Statement: Instead of
reporting the above challans separately, incorrectly only CIN1 tagged in TDS
Statement with TDS amount of Rs. 1,10,000
§ The above error causes Short Payment Default in the
TDS Statement
Solution:
§ In above situation, CIN 2 should first be added to the
relevant TDS Statement using Online Correction facility
§ Deductee Rows with a total TDS of Rs. 10,000 can now
be moved to CIN 2, which has incorrectly not been reported in the TDS Statement
§ Now CIN 1 (Rs. 1,10,000), as mentioned in the TDS
Statement, can be tagged to the Unconsumed OLTAS Challan CIN1 (Rs. 1,00,000).
Action to be taken for Moving Deductee Rows:
§ Please logon to the website TRACES and Online
Correction facility of TRACES needs to be used for closure of the Short Payment
default, which is available even without digital signature.
§ Please select ‘Challan Correction’ in ‘Type of
Correction’ drop-down menu
§ Navigate to Unmatched Challan and tag unconsumed
challans, if available on TRACES. system.
§ Select a row and click on Move deductee row – List of
deductees attached to the challan are displayed
§ Select deductee rows to move to a different challan –
List of challans with balance greater than total tax deposited of the selected
deductee rows are displayed
§ Select a challan and click on move deductee row – All
selected deductee rows are moved to a new challan.
You are encouraged to refer to the e-tutorial for
detailed guidance in this regard. You are requested to take corrective actions
at the earliest for closure of Short Payment Defaults due to Unmatched
Challans.
CPC (TDS) is committed to provide best possible
services to you.
CPC (TDS) TEAM
Source: TRACES
