Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3284 Points)
07 May 2022In the month of March, we have paid 2 challans
1. u/s 194C 1500
2. u/s 194j 1000
we have adjusted 1000 against 194C & there is a balance of 500, can we adjust the deduction under 194J?
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 07 May 2022
sabyasachi mukherjee
(26207 Points)
Replied 08 May 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 08 May 2022
JJJ
(Need help)
(673 Points)
Replied 08 May 2022
| Originally posted by : Eswar Reddy S | ||
 |
Use it for 194C to avoid qualifications in Audit Report |  |
Sorry but that is simply wrong. Since many years, the section under which tds was paid is irrelevant. The only thing that matters is the return and having enough balance in the challans listed in the return.
And auditors trying to use this as grounds for a qualification must be reported and disciplined.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 08 May 2022
JJJ
(Need help)
(673 Points)
Replied 08 May 2022
| Originally posted by : Eswar Reddy S | ||
|
Practically problem is with IT dept . So Auditors can raise objection.That is just loophole and it may be fixed by IT dept . | |
There is no practical problem, certainly not in my experience.
The only problem I have found is lazy auditors.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 08 May 2022
CAclubindia
