TDS if wrogly deposited on Challan of Self Assessment
This query is : Resolved
15 November 2007
Hi,
If someone has Deposited TDS on Self Assessment Tax challan then what are concequences and remedies
If someone has Deposited TDS on Self Assessment Tax challan then what are concequences and remedies
15 November 2007
BY FILLING A WRONG CHALLAN, THE GOVT. REVENUE DOES NOT GO ANY WHERE .IT IS IN THE SAFE VAULTS OF THE CENTRAL EXCHEQURE.
ONLY DIFFERENCE IS INSTEAD OF ONE HEAD OF ACCOUNT THE REVENUE GOT CREDITED TO ANOTHER HEAD OF ACCOUNT.
THE REMEDY FOR THE ASSESSEE IS WHILE FILING TDS RETURN THIS CHALLAN NEEDS TO BE ENCLOSED AND THE FACT OF FILLING A WRONG CHALLAN BE STATED IN A COVERING LETTER ALONG WITH THE RETURNi ( IF RETURN IS MADE THROUGH E FILING , THE TEXT CAN BE STATED ON THE RETURN ITSELF AS NOTE).
AT THE TIME OF REGULAR ASSESSMENT, THE FACT MAY BE BROUGHT TO NOTICE OF ASSESSING OFFICER THROUGH A LETTER .
THERE ARE NO ADVERSE CONSEQUENCES. IT IS A CASE OF HUMAN ERROR , FIRST ON THE PART OF BANK ACCEPTING A WRONG CHALLAN, THEN OF COURSE THE ASSESSEE HIMSELF WHO SHALL BRING THE FACT TO NOTICE OF ASSESSING OFFICER THROUGH TDS RETURN FILING AND ALSO AT THE TIME OF REGULAR ASSESSMENT .
R.V.RAO
ONLY DIFFERENCE IS INSTEAD OF ONE HEAD OF ACCOUNT THE REVENUE GOT CREDITED TO ANOTHER HEAD OF ACCOUNT.
THE REMEDY FOR THE ASSESSEE IS WHILE FILING TDS RETURN THIS CHALLAN NEEDS TO BE ENCLOSED AND THE FACT OF FILLING A WRONG CHALLAN BE STATED IN A COVERING LETTER ALONG WITH THE RETURNi ( IF RETURN IS MADE THROUGH E FILING , THE TEXT CAN BE STATED ON THE RETURN ITSELF AS NOTE).
AT THE TIME OF REGULAR ASSESSMENT, THE FACT MAY BE BROUGHT TO NOTICE OF ASSESSING OFFICER THROUGH A LETTER .
THERE ARE NO ADVERSE CONSEQUENCES. IT IS A CASE OF HUMAN ERROR , FIRST ON THE PART OF BANK ACCEPTING A WRONG CHALLAN, THEN OF COURSE THE ASSESSEE HIMSELF WHO SHALL BRING THE FACT TO NOTICE OF ASSESSING OFFICER THROUGH TDS RETURN FILING AND ALSO AT THE TIME OF REGULAR ASSESSMENT .
R.V.RAO
16 November 2007
Better to intimate NSDL
19 November 2007
I agree with Mr. Ravi Kumar
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding appeal to GSTAT
- Multiple trade mark
- Value of property in capital gain
- Copyright software
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
