Excess TDS paid

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Prem M Ochwani

Prem M Ochwani (Querist)
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04 May 2016 I have paid excess TDS u/s 194A ,& now I want to adjust excess amount u/s 94c Can I ?

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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04 May 2016 Yes You Can.

From FY 2012-13 onwards the Section Code quoted in the challan for payment of Tax deducted is no more relevant. Deductor can quote any Section Code on the challan for payment of TDS under other codes also. There will be no challan mismatch and no consequent tds demands in this case.

Since, the section code is no more relevant therefore CPC (TDS) has introduced a system where a single challan can be used for payment of TDS under different section codes.

Single Challan can be tagged in the TDS Return for payment of TDS under different sections.

This comes as a welcome relief for many deductors who have to deposit multiple challans for depositing TDS under various sections.

For Example: A Challan of Rs. 10,000/- can be used for payment of Tds U/s 194C of Rs. 4000/- and Tds of Rs. 6000/- U/s 194J.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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Prem M Ochwani

Prem M Ochwani (Querist)
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05 May 2016 Thank You Sir

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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05 May 2016 Welcome Prem
If you find our reply useful. Please Score us by clicking on "THANK USER"

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