How to utilize partially consumed challan 26QC for future TDS deposit on house rent payment

TDS 1910 views 5 replies

I am a tenant. I submitted challan 26QC for TDS deposit on house rent payments for the period of Apr-2024 to Sep-2024 at 5%. It was declared that TDS will be 2% Oct 2024 onwards so I chose 5% for Apr-2024 to Sep-2024 and 2% for Oct-2024 to Dec-2024. 

However, the income tax department has considered only 2% even for the duration of Apr to Sep. This was my challan 26QC is partially consumed and the amount is still pending in that challan. 

Can I further use this challan and consume the amount for future TDS deposit house rent payment lets say for Jan2025 to March2025 and also for duration beyond Apr2025?

If yes, how can I do this? 

Thanks 

Replies (5)

Suppose if I want to deposit TDS for Jan-Feb-Mar 20205 now and want to ultilze the amount which is unutilized in previous challan 26QC, How can I use its reference in my challan 26QC for Jan-Feb-Mar so that income tax department can use that remaining amount in my new challan 26QC filings? 

I don't think there is any provision to include previous challan 26QC reference, so that its amount can be utilized. 

Dear Nitin,

First of all , you do not mention which section you deposited the challan against rent, i,e, there are 2 options 1 is 194IA, another 1 is 194IB . I am sure you had chosen the right option , but then there is a little bit of confusion why the department considered only 2% for the period Apr to Sep. so you should check again which section you were choosing. . If it is all correct you may utilise the balance amount of the TDS challan in upcoming TDS returns.

I had paid rent for 11 months. April 2024- February 2025 . I filed 26qc under 194ib and calculated the figure by considering 5% from April 2024-September 2024 and 2% from October 2024 to February 2025. In 26QC when it asked rate of interest there was no seperate column to mention these two rate of interest so I updated it to 2% (current rate)and manually entered the same amount and paid it in February 2025.Now my traces shows partially consumed for 11 months @ 2% the remaining is unutilised credit  . What should I do for this rectification? If I file another 26qc for April to September there will be a penalty for delay in payment 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register