TDS Challan Code
This query is : Resolved
17 June 2026
Dear Sir,
We have made a new TDS payment using Challan Code 1026 for Professional Fees deducted at 2%.
However, the current payment pertains to Royalty under Section 194J, where TDS has been deducted at 10%. We noticed that the challan is showing Code 1027.
Kindly confirm whether Challan Code 1027 is correct for this payment or if any correction is required.
Thank you
We have made a new TDS payment using Challan Code 1026 for Professional Fees deducted at 2%.
However, the current payment pertains to Royalty under Section 194J, where TDS has been deducted at 10%. We noticed that the challan is showing Code 1027.
Kindly confirm whether Challan Code 1027 is correct for this payment or if any correction is required.
Thank you
17 June 2026
The user's use of Challan Code 1027 is correct for a Royalty payment under Section 194J. No correction is necessary; the user should simply ensure that the payment is correctly classified as "Royalty" when filing their quarterly TDS return (Form 26Q).
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