TDS Payment Single Payment

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This discussion addresses the possibility of making a single TDS payment for both contract and professional services, totalling ₹20,000. While initially it was suggested that separate TDS sections have individual thresholds, the consensus is that you can indeed make a consolidated single challan payment for TDS deductions across different sections. This single challan can then be allocated to the relevant sections when filing your quarterly TDS returns.

Thimmaraju Venkataramappa

Thimmaraju Venkataramappa (Querist)

09 January 2025 I would like to seek your advice on consolidating TDS payments for both a contract and a professional service into a single payment. The total TDS amount is ₹20,000 (₹10,000 for a contract individual and ₹10,000 for a professional individual). Could you please guide me on the process for making a single TDS payment, and let me know if there are any issues or compliance considerations with combining these payments?

Thank you for your assistance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

09 January 2025 Consolidating TDS deduction for both a contract and a professional service into a single payment is not required.
Threshold for each TDS section applicable seperately.

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Sowmya.G

Sowmya.G (Expert)

10 January 2025 Sir, You can make a consolidated single challan payment for tds deduction under all sections. You are free to use any section while making payment. You can use that single challan to be consumed under relevant sections while filing quarterly tds returns.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 January 2025 Agreed with the above reply in case of consolidated TDS payment.

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