Friends, Income Tax Department has raised demand on account of Short payment of TDS challans. After checking it has been found that some demands have been issued due to double entry of single challan in TDS return. On processed by Income Tax Department, the said challans have been marked in Blue Color with remarks "Over Booked". Earlier there was no control in TDS RPU, deductor can update or delete any challan having Matched or Over Booked etc. But now deductor can not update all fields of challan remarked as Matched or Over booked. Only some fields like section code, Interest Amount and Others Amount.
Status of Challan may be easily clarified in following manner :-
What information does 'Challan Consumption Details' table provide?
- Challan Consumption Details table displays the statement(s) in which the particular challan was consumed.
- Challan status is displayed as 'Over Booked' when sum of tax deposited for underlying deductee rows against challan ('Amount Claimed') is greater than balance available for the challan in OLTAS.
- Challan status is displayed as 'Matched' when:
The challan is not consumed by the deductor, i.e., sum of tax deposited for underlying deductee rows against the challan ('Amount Claimed') is 'Zero',
Or
The challan is Partially Consumed by the deductor, i.e., sum of tax deposited for underlying deductee rows against the challan ('Amount Claimed') is less than challan amount the challan,
Or
The Challan is Fully Consumed by the deductor, i.e., sum of tax deposited for underlying deductee against challan, i.e., 'Amount Claimed' is equal to the challan amount.
How can I Delete Matched or Over Booked TDS Challan Amount.
No doubt, there is no provision of deletion of Matched or Over Booked challan in NSDL RPU or in FVU. But effect of the same or to remove the demand of Income Tax Department raised on account of Over Booked TDS Challan, the following fields may be updated as under :-
- Amount Paid/Credited is equal to Zero
- TDS Amount is equal to Zero
- Surcharge Amount is equal to Zero
- Education Cess Amount is equal to Zero
- Total Tax Deposited Amount is equal to Zero
- Date of Deduction Amount is equal to Blank
- Rate on which Tax Deducted is equal to Zero
In this way effect of Matched or Over Booked TDS challan can be removed and fresh challan detail can be entered as an Addition of new TDS Challan etc.
What are the reasons to reject the correction in challan detail by TDS-CPC?
3) If a matched challan is being corrected, then available balance amount in the challan should be sufficient for consumption of updated sum of deposit amount of all the active deductee rows in correction and corrected values of claimed TDS interest and claimed TDS Others amount
4) In case of existing matched / partially matched challan, deductor can only update Cheque / DD Number, claimed TDS Interest amount, claimed TDS Others amount and Section code
5) If deductor updates only deductee details, then claimed TDS Interest amount and claimed TDS Others amount as given in the challan should match with the corresponding values present in regular / previous return
1) Rejection reasons pertaining to challan details are as follows:
- Challan detail record on which correction has been filed does not exist in regular / previous statement
- In a correction statement, verification keys from challan data should match with the corresponding fields in regular statement
- Verification keys for Non Nil Statement - Last transfer voucher number, Last Bank-Branch Code / Form 24G Receipt Number, Last date of transfer voucher / bank Challan, Last deposit amount as per challan
- Verification keys for Nil challan - Last date of transfer voucher number / bank challan, last total deposit amount as per challan
3) If a matched challan is being corrected, then available balance amount in the challan should be sufficient for consumption of updated sum of deposit amount of all the active deductee rows in correction and corrected values of claimed TDS interest and claimed TDS Others amount
4) In case of existing matched / partially matched challan, deductor can only update Cheque / DD Number, claimed TDS Interest amount, claimed TDS Others amount and Section code
5) If deductor updates only deductee details, then claimed TDS Interest amount and claimed TDS Others amount as given in the challan should match with the corresponding values present in regular / previous return