Filing quarterly TDS electronic returns - 70% Pan is mandatory

[Guest]

While filing quarterly TDS electronic returns, department has specified that atleast 70% of the cases PAN is mandatory. Otherwise department is not accepting the returns. This circular was issued on 30.09.2007. Is there any exemption for the quarter ending 30.09.2007 ?

[Guest]

There was no exemption nor extention of time limit given for filing E-TDS return with prescribed % of PAN for the quarter ended 30.9.07. If the fixed % of PAN is not readily available, in order to limit the quantum of penalty levy for non-filing, the option may be to file E-TDS return with details of deductions of PAN available cases (with relevant challan details) and then file correction return later after collection of PAN. As such, there is no specified time limit for filing correction return and separate data structure is prescribed for filing the correction return.

AI Summary

PAN requirement for e-TDS returns may block submission; file available PANs and use correction returns. The department requires a prescribed minimum proportion of PAN quoted records in quarterly e TDS returns and applied that requirement to the quarter ended 30.09.2007 with no exemption or extension. If the prescribed PAN percentage is not available, the advised course is to file the e TDS return with cases that have PAN (including challan details) and later submit a correction return under the separate correction data structure; no specific time limit for corrections is specified.