Challan consumption.

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This query is : Resolved

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

Yashashvi Yadav

Yashashvi Yadav (Querist)
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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)
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06 February 2024 Check each challan status.
Check your bank account how much you paid.

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