TDS Response to Notices

Process to deposit TDS to Central Government

Payment can be made online on NSDL by selecting Challan 281 and making the payment using net banking. These TDS payments need to be made before filing the TDS return.E-payment is compulsory for all Corporate assesses & non-corporate assesses who are liable for audit u/s 44AB.Physical payment can be made using Challan 281 in authorised bank branch.

TDS certificates can be issued to following people –

Every person deducting tax as per provisions of section 203 is required to issue a certificate to the payee in respect of tax deducted by him along with certain other particulars. This certificate is called TDS Certificate. Even banks deducting TDS on pensions issue TDS certificates.

Types of TDS certificate to be issued in different cases:

• Salaries:Certificate is to be issued in Form 16 containing details of TDS Payment, tax deducted at source and tax calculation based on which TDS was estimated. The certificate should be issued within 31st May of next financial year.
• Non Salary Payments: Certificate is to be issued in Form 16A containing details of payment and tax deducted at source. The certificate should be issued within 15 days of due date of filing the return.
• TCS: Certificate to be issued in Form 27D containing the Tax Collected & Paid details.
  Failure to issue certificate will result in penalty of Rs. 100 for every day the failure continues but limited to the TDS amount.

Due dates for depositing tax and filing TDS return

• Once tax is deducted the deductor should deposit the tax deducted with Central Government within time limit specified in the table below :

TDS Justification Report

It is a document which serves as an annexure to the intimation to be sent to the deductor. Intimation will be sent to the deductor through mail / post but a justification report will have to be downloaded from the portal.