TDS Type (UDC Table 75I/TY)

You enter values from this UDC table when you run the TDS Certificate Master Maintenance (P75I100) and A/B Additional Tax Information (P75I010) programs.

The values for the UDC table 75I/TY are not hard-coded. Examples are:

Code

Description

Blank

Do not include

1

Include in 1099 Processing

A

Interest, Dividends to NRI

B

Advertising Contract

C

Contractor

D

Dividend

I

Interest

P

Professional Fees

R

Rent

W

Work Contract

The 26Q Quarterly Returns (R75I122EQ) and Quarterly Deduction of Tax Form 27Q (R75I128) programs use the value in the Description 02 field of the UDC table 75I/TY for non-deduction, lower deduction, or higher deduction in the report. When you set up TDS types, you must include a code in the Description 02 field for the TDS types that you mention in the Form 26Q and Form 27Q reports.

This table lists the codes that you must set up in the Description 02 field for the Form 26Q and Form 27Q reports:

Report

Codes for Description 02 Field

Usage of Code

Form 26Q

A

Lower deduction or no deduction on account of certificate under section 197.

Form 26Q

B

No deduction on account of declaration under section 197A. Allowed only for section 194, 194A, 194EE, and 193.

Form 26Q

C

Deduction of tax at higher rate due to non-availability of PAN.

Form 26Q

T

Transporter.

Form 27Q

A

Lower deduction or no deduction on account of certificate under section 197.

Form 27Q

B

No deduction on account of declaration under section 197A.

Form 27Q

C

Deduction of tax at higher rate due to non-availability of PAN.

Note:

The Form 27EQ - Quarterly Return of TCS (R75I629) program does not use a value from the 75I/TY UDC table to populate the Remarks 1 field with the reason for no deduction or lower deduction. The 27EQ - Quarterly Return of TCS program uses a value in a processing option to populate the Remarks 1 field.

A processing option exists for no deduction or lower in the Form 26Q Quarterly Returns and Quarterly Deduction of Tax (Form 27Q) programs, but the system does not use the value from the processing option. The system uses the values from the Description 02 field of the UDC.

See Working with Vouchers for TDS and WCT.