Payment of tds 194q & tcs 206 (H)
This query is : Resolved
Quick Summary
02 September 2021
Dear Sir/Madam,
We have made mistakenly payment to challan TCS 6CR intead of TDS 194Q and vice versa for the month of July 2021. What shall we do? Should we pay fresh challan along with interest or can both be setoff against liability of each other.
Please suggest the course of action.
Thanks
We have made mistakenly payment to challan TCS 6CR intead of TDS 194Q and vice versa for the month of July 2021. What shall we do? Should we pay fresh challan along with interest or can both be setoff against liability of each other.
Please suggest the course of action.
Thanks
02 September 2021
No need to worry. Once tcs paid no need for TDS and vice versa.
03 September 2021
TDS Challan correction online
Online correction of TDS challan has to be carried out on ‘TRACES’ (TDS Reconciliation Analysis and Correction Enabling System). Digital Signature is mandatory to register on TRACES for requesting online challan correction.
Steps for online correction on TRACES is as follows:
Login to TRACES website with user ID, password and TAN
Under defaults, choose ‘Request for correction’
Enter relevant Financial Year, Quarter, Form Type whether, Latest Accepted Token number. Correction category should be “Online” and click on ‘Submit’
A request number will be generated
Click on ‘Go To Track Correction Request’ under Defaults again and enter Request number or Request period and click on ‘View Request’ or you can also click on ‘View All Requests’
When request status** becomes ‘Available’ click on Available / In progress status to proceed with the correction
Provide information of valid KYC
Select the type of correction category from the drop down as ‘Challan Correction’
Make the required corrections in the selected file
Click on ‘Submit for Processing’ to submit your correction
15 digits token number will be generated and mailed to registered e-mail ID
Online correction of TDS challan has to be carried out on ‘TRACES’ (TDS Reconciliation Analysis and Correction Enabling System). Digital Signature is mandatory to register on TRACES for requesting online challan correction.
Steps for online correction on TRACES is as follows:
Login to TRACES website with user ID, password and TAN
Under defaults, choose ‘Request for correction’
Enter relevant Financial Year, Quarter, Form Type whether, Latest Accepted Token number. Correction category should be “Online” and click on ‘Submit’
A request number will be generated
Click on ‘Go To Track Correction Request’ under Defaults again and enter Request number or Request period and click on ‘View Request’ or you can also click on ‘View All Requests’
When request status** becomes ‘Available’ click on Available / In progress status to proceed with the correction
Provide information of valid KYC
Select the type of correction category from the drop down as ‘Challan Correction’
Make the required corrections in the selected file
Click on ‘Submit for Processing’ to submit your correction
15 digits token number will be generated and mailed to registered e-mail ID
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