Regarding : tds challan pain in wrong head.

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This query is : Resolved

Lakhan Madne (Querist)

07 May 2016 Dear Experts,

I inform you regarding above subject. I wanted paid TDS CHALLAN in commsion Head 194H but i was wrongly paid in 194A (Interest Head) hence challan was paid now this amount is refundable or not. if any adjustment so please suggest to me.

Many Thanks in advance to all Experts.

Thanks & Regards
Lakhan Madne

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

07 May 2016 Yes you can used this challan in your tds return as 194H

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nitin

nitin (Expert)

07 May 2016 Hi Lakhan

From FY 2012-13 onwards coding of TDS challan with various section is no more relevant. You can use a single code challan to deposit tax deducted under various sections of income tax act. There wont be any challan mismatch criteria anymore in the system.
So in your case you can mention the challan details in your TDS return, there will not be any mismatch of sections.

Thanks
Nitin

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Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)

07 May 2016 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.

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

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