TDS analysis is an important model of the Indian tax system that provides for the mandatory collection of taxes at the source. Organizations must file TDS returns but tracking the TDS return processing status is also a crucial part of them.
In this guide, you will learn how to track a TDS return status, different types of updates commonly received, and how to handle them.
The Method To Check Your TDS Return Processing Status
The TDS Reconciliation Analysis and Correction Enabling System or TRACES portal helps even in checking the ‘TDS return status pending for processing’. The steps are given below:
- Log in to the TRACES Portal:
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- Visit tdscpc.gov.in.
- Give your User ID (TAN) and Password to log in.
- Access the ‘Statements / Payments’ Section:
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- Once having a login, go to the ‘Statements / Payments’ tab.
- Choose the ‘Track Status’ option.
- Provide Relevant Details:
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- Submit your TAN, Financial Year, Quarter, and Form Type.
- Send the request to see the status.
- View Processing Status:
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- The status will inform the user whether your return has been processed, is still in the processing stage, or contains defaults.
This process is very easy and all you have to do is to ensure that you have got correct details if you are to track your status correctly.
Understanding TDS Return Status Updates
When you check the TDS return processing status, you may encounter the following updates:
- Pending for Processing:
- This means that your return is still undergoing some processing stage as per the Income Tax Department.
- The processing time ranges from two weeks to one month but may be longer during some periods such as the end of the month and year.
- Processed with Defaults:
- This cycle is processed but some discrepancies for instance wrong PAN numbers or wrong details have been identified. You must file corrections.
- Processed Successfully:
- The information you have provided for your return has been accepted and nothing more is required of you on your end.
With these updates, you can take the necessary steps to solve your problems quickly.
General Causes for “TDS Return Pending for Processing”
The ‘TDS return pending for processing’ status may appear due to several reasons:
- Incomplete or inaccurate return details.
- Many filings during the peak season, therefore damaging time.
- Errors in PAN or TAN details.
- Payment discrepancy with the challan information.
The return status should be checked frequently so that you can find the problems that may exist from an early stage.
Resolving TDS Return Status Pending for Processing
If your return status shows as pending for an extended period, here is what you should do:
- Verify Submission Details
Cross-check your return details and ensure that the details added are correct. Check the PAN, TAN, and payment information carefully.
- Check for Notifications
All alerts, notices, or any request for clarification if any, can be viewed by logging into the TRACES account.
- Contact TRACES Support
If the problem still exists, contact TRACES support through the helpline or email. You have to give your TAN and acknowledgement number.
- File a Correction Statement
If the delay is by mistake, prepare a corrected return as soon as possible.
If you abide by these steps, you can be able to solve the problems and also enhance the processing of the TDS return.
TDS Return Processing Time
The TDS return processing time may take 15 to 30 days. Various reasons affect the timeframe:
- Number of filings made during the tax rush season.
- Errors or discrepancies in the submitted return.
- The Income Tax Department is unable to complete the verification process quickly.
In case your return is still marked pending beyond 30 days, it is better to take it up through TRACES or get in touch with your tax advisor.
Why Timely TDS Return Processing Matters
On-time filing of TDS returns is beneficial to the organizations as well as the employees. Here is why it is essential:
- Issuance of TDS Certificates
Delays can affect the generation of either Form 16 or Form 16A to the deductees in a company.
- Avoiding Penalties
Delays in filing taxes or even unresolved defaults can be fined under the provisions of the Income Tax Act.
- Smooth Compliance
Timely processing keeps you out of trouble with the tax authorities, which is always comforting.
Frequently checking the TDS return status shields you from numerous compliance issues.
Simplify Compliance with Pion HR
Handling both TDS compliance and payroll can consume much of an organization’s time and effort, especially for a complicated business. The leading HRMS software in India, Pion HR empowers organizations with an effective approach to these processes.
With Pion HR, you can:
- Optimize, and automate payroll processes as well as tax computations.
- Streamline your TDS returns filing process and track your ‘TDS return status pending for processing’.
- Minimize mistakes with compliance features built into the system.
Learn more on Pion HR by visiting the official site. Relieve the burden of payroll management with this cutting-edge HRMS software and focus on business growth.
