Wrong tds section

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This query is : Resolved

Sunil Verma (Querist)

08 June 2015 Sir

Kindly guide me that if we deposited 194A and 194I tds May 15 in single section in (194I) then in case income tax deptt will credit only 194I section or both Kindly suggest what need to do.

Amol S Joglekar

Amol S Joglekar (Expert)

08 June 2015 one challan for different sections is very much valid. Need not be an issue.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

08 June 2015 No issues if TDS deposited under wrong section.

For Deductor’s convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances:

# Payment of Tax Deducted under different sections of the Income Tax Act, 1961
# The CPC (TDS) system gives credit of TDS against different sections of the Act, even though a specific section has been quoted in the challan.
# Example: The challan used for payment of TDS relevant to Section 192 of the Act can also be used for the purpose of reporting tax deposited under Section 194 of the Act also.

Also see below link in this regard:

https://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html

https://contents.tdscpc.gov.in/en/tdscpc-communication90.html

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