In a recent communication, NSDL has outlined the following changes in eTDS statement filing for the Fourth Quarter:
- It will be mandatory to provide the mobile number of the responsible person
- Currently the system accepts TDS amount without proper calculation of Amount Paid / Credit * TDS Rate. Now, this would be strictly implemented
- Deductee records will have to be flagged to show that the amount paid / credited is below the threshold limit, hence it is without tax deduction at source
- Deductee records will have to be flagged where excess tax has been deducted
- While making correction returns it will now be possible to update the Provisionally Booked Challans that is downloaded from the consolidated statement
- Deductions u/s 80CCF will have to be shown separately in the Salary details as part of Form 24Q
- Downloading of the consolidated statement would be simplified based on suggestions received from all around
Please note that official announcement and system modifications are still to be received from NSDL / Income Tax Dept. Once all details are in place, as usual we shall promptly update JS@eTDS Software (F.Y. 2010-11) to ensure trouble free filing of your TDS / TCS returns.
