FAQs

Discuss this with your deductor whether he paid the deducted amount and filed the TDS and also keep the proofs for the amount deducted. For example, in case of salary in payslips will find how much amount is deducted.

Yes, TDS returns can be revised to correct errors in PAN, challan details or deductee details.

The deductee (recipient of income) can claim the refund by filing their own Income Tax Return (ITR). Otherwise if any excess tds deducted by deductor you can file Form26B with supporting documents for refund.

Form 16 for Salary;

Form 16A for Tax on non ssalary income;

Form 16B for tax on sale of property;

Form 16C for tax on rent paid

Yes, a NIL TDS return can be filed if no TDS was deducted during the quarter. This is not mandatory, but filing a NIL return keeps your TAN active and avoids notices.

TDS - It is the tax deducted by the payer before making payments such as salary, rent, commission, contractor fees etc.

TCS – It is the tax collected by the seller at the time of selling specified goods or providing specified services such as scrap, liquor, minerals, motor vehicles etc.

Not mandatory, but required for certain cases like large entities or you choose to verify online with DSC.

TDS Return is filed by the deductor.

Form 26AS is a consolidated tax statement available to the deductee (taxpayer) showing all tax credits, including TDS.

You can revise it by

1.Downloading the consolidated file from TRACES.

2. Making corrections using RPU.

3. Validating with FVU (File Validation Utility)

4. Uploading the corrected return

If challan details are wrong (BSR code, CIN, date), the TDS amount may not reflect in Form 26AS, causing credit mismatch for the deductee. A correction return must be filed.

A Justification Report provides reasons for defaults identified in the TDS return—such as short deduction, late payment, or mismatch. It helps in rectifying issues.

There is no limit on the number of times a TDS return can be revised, provided it's within the time allowed and the original return is accepted. A six-year time limit for revising TDS returns. But for FY2007-08 to FY 2018-19 the last date to make corrections is 31st march 2025. After this date revision for these is no longer possible.

By login to e-filing portal and verifying in Form26AS we can find whether TDS is deducted or not. And if not reflected in 26AS then contact the payer for the reasons for non reflection.

If PF is withdrawal more than Rs.50,000 without continuous service of 5 years is liable to deduct TDS@10% and if PAN is not provided a higher TDS rate of 34.0608% is applicable.

TDS applicable on sale of immovable property is 1% of total sale amount and the sale value exceeds Rs.50 lakhs. The buyer has to deduct the TDS.

TDS on rent is classified under two sections of Income Tax Act, they are 194I and 194IB.

Rent u/s 194I on land, building, plant, machinery, equipment, furniture or fittings. And u/s 194IB only on land or building under lease, sub lease, tenancy, or any other arrangement or agreement.

U/s 194I Form 16A has to be issued whereas U/s 194IB Form 16C has to be issued.

TCS is levied of sale of motor vehicles and luxury goods whose value exceeds Rs. 10,00,000 for each good. Luxury goods wrist watch, art piece such as antiques, painting, sculpture, collectibles such as coin, stamp, yacht, rowing boats, canoes, helicopter, pair of sunglasses, bag such as handbag, purse, sportswear and equipment such as golf kit, ski-wear, home theatre system, horse for horse racing in race clubs and horse for polo.​