Challan consumption.

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This query is : Resolved

Quick Summary

A user mistakenly paid TDS on an immovable property sale in installments instead of a lump sum. While this is generally not an issue, they've found that only 75% of their paid TDS has been consumed, leaving 25% unaccounted for on their Form 16B. They are seeking clarification on where the remaining payment might be and how to resolve the challan consumption discrepancy.

Yashashvi Yadav

Yashashvi Yadav (Querist)

06 February 2024 I HAD TO PAY THE TDS ON THE SALE OF IMMOVABLE PROPERTY IN LUMPSUM BUT BY MISTAKE I DID IT IN INSTALLMENTS.
CAN IT BE CHANGED NOW?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 February 2024 It can't be changed now.
No problem for payment in installments.

Yashashvi Yadav

Yashashvi Yadav (Querist)

06 February 2024 But the problem is that while I paid the tds in full(1 lakh), the challan consumption has only been 75%.
And there is still balance available of 25% when I check the challan status.

I have requested for form 16b and downloaded it as well and found that only 75000/- out of 1 lakh tds has been consumed. Where is the rest 25000/- i have paid?
Thank you sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 February 2024 Check each challan status.
Check your bank account how much you paid.

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