TDS if wrogly deposited on Challan of Self Assessment

This query is : Resolved

Manoj Kumar (Querist)
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15 November 2007 Hi,
If someone has Deposited TDS on Self Assessment Tax challan then what are concequences and remedies

R.V.RAO

R.V.RAO (Expert)
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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