Submitting Declaration to Deposit Lower TDS

Submitting Declaration to Deposit Lower TDS Due to various reasons there could be a reduction in TDS deduction in the current period as comp

CA Pratibha Goyal

Jun 1, 2019

Last update on Jun 1, 2019

Submitting Declaration to Deposit Lower TDS

Due to various reasons there could be a reduction in TDS deduction in the current period as compared to the deduction made in the previous period. In that case Centralized Processing Cell (TDS) has enabled deductor to share relevant reasons for Lower Deduction and/or Lower Payment. Below are the steps to submit Lower TDS declaration: -

Step 1 : Login to TRACES and Navigate to Declaration to Deposit Lower TDS under Statements/ Payments Menu

Step 2 : Add statement details with respect to Financial Year, Quarter and Form Type for which declaration needs to be made

Step 3 : Add Nature of Payment and TDS Lower by %

Step 4 : Select Reasons for Lower Deduction from the drop down menu

Step 5 : Check declaration by submitting I Agree radio button

About Author

CA Pratibha Goyal

Co Founder

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.