TDS || Statement Analysis Report
The Statement Analysis Report provides a comprehensive summary of the TDS Return for a specific financial year and quarter. This report serves as a vital tool for verifying the accuracy and compliance of TDS filings before submission to the portal.
Key Components of the Report → The report includes a detailed analysis of the following aspects:
- Summary report
- Late Filing Fee
- Interest Default report
- Short deduction Report
- Higher deduction (Reason H)
- TDS Deducted at Higher rate
- Challan Status Report
- Non-verified PAN Report
- Invalid PAN Report
- Lower deduction number
- Unmapped Deductee entry
- Unadjusted Challan
- Status Mismatch
- Inoperative PAN Report
- Graphical report
By reviewing this report, users can identify discrepancies and ensure compliance with tax regulations before final submission.
Procedure to Generate the Statement Analysis Report
To generate the Statement Analysis Report using the TDS software, follow these steps:
- Launch the TDS Software and select the appropriate Assessment Year and Quarter.
- Navigate to Quarterly Return → Select the relevant form (24Q, 26Q, 27Q, or 27EQ) → Proceed to E-Filing.
- Click on Statement Analysis Report.
- Choose the preferred Excel Version or proceed with the default selection.
- The Statement Analysis Report will be successfully generated and displayed on your system.
This structured process ensures accurate and efficient TDS verification, facilitating seamless tax compliance and reporting.
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