Adjustment of tds payment by two challan under same section

This query is : Resolved

Ved Byas (Querist)
Follow

06 January 2014 We have deducted TDS under section 194C (1% and 2%) and payment made through 2 challan one is for 1% and other is for 2% but some amount of Tds (under sec 194C @ 2%) was paid through challan which was used for 1%(u/s 194C)

Is there is any short deduction only due to change in challan.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

06 January 2014 not in this case as you have deposited 2% under 1% challan...had it been reverse, short deduction notice could have triggered. Anyways, you need to manage it in the TDS return.

Ved Byas

Ved Byas (Querist)
Follow

07 January 2014 In tds return i adjust 1% challan with bill on which 1% tds deducted as well as Bill at which 2% tds deducted.

will it indicate any notice in future.

Upgrade to CAclubindia Pro. Subscribe Now!

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

07 January 2014 well lets see this way. On Rs 10000 (assumption) you deducted Rs 200 as TDS. Now you paid under 1%. So there can't be a case for short-deduction!

even some query comes, you can easily explain the issue.