Tds returns

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2014 Hi,

I just wanted to know the relevance of the type of deductee in the challan (company and non company deductee).

Also if we have selcted compay deductee instead of non company deductee, will affect the TDS returns

Rupesh Jain

Rupesh Jain (Expert)
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18 June 2014 it is no effect on tds return if you quote wrong category.
in my opinion these classed for govt. use

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2014 So even if we mention as Company Deductee on Challan, it should not matter for salary TDS retuns (form 24Q), right

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 June 2014 you are referring to deductor or deductee??? if you are talking about deductee, then it has impact on sections like 194c where different rates are prescribed for individual/huf and others....

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2014 Sir, am referring to 192B (TDS on salaries).

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