TDS remiitance and refund

1 every month 7th is last day to remit TDS

 

2.      We request the branches to check thoroughly whether the TDS Deduction happened is in order.

 

a. For any reason TDS is to be recredited or refunded to customer operative account before TDS remittance, HRFTDS menu option may be used. HRFTDS will debit XXXX013817100501 where XXXX -4 digit Branch Code and

          credit the amount to operative account. Once TDS deducted, there is no provision to recredit the TDS to deposit account. It is to be credited to operative account.

          Corporate CIF TDS will get deducted even after submitting 15G. We request you to reverse the same before remitting the TDS.

 

b. For deduction of TDS manually, Branch may use HTM menu option, debit operative account of the customer (No provision to debit deposit account) and credit to XXXX013817101101, where XXXX -4 digit Branch Code. SUND-CR- TDSMANUALINT PD DEP

 

3. TDS remittance program CTDSR (Debit office account XXXX013817100501 and credit Transient account) has been enabled.

 

4. All the manual TDS credited to office account XXXX013817101101 has to be remitted as a separate Challan. It has to be ensured that manual TDS (Challan and Deductee) details are entered in 26Q of the respective quarter.

 

5. Other TDS (TDS on Rent, AMC etc..) may be remitted, Use menu option HTM, debit respective office accounts and credit to Transient account and remit through internet banking.

 

Please note that Short deduction of TDS, Non – deduction of TDS, Non- remittance of TDS, Non-filing of ETDS return attracts penalty.