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Tds challan correction 4-5 year old

Sunil Singh (Proprietor) (199 Points)

08 June 2014

1. can we correct 4-5 years tds challan like Assessment year

2. assessee paid tds for corporate and non corporate assessee in one chalan- is there any remedy?

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3 Replies

CA Nitin K. Varshney (FCA DISA CCA Peer Reviewer (ICAI)) (606 Points)
Replied 08 June 2014

Dear sunil ji, i dnt thnk it cn be rectified. as per my view challan deposited as corporate assessee cn only be adjusted by corporate assessee.

Sunil Singh (Proprietor) (199 Points)
Replied 09 June 2014

My client earlier CA has done mess . he deposited TDs in same challan for corporate/non corporate and in some challans assessment year is wrong My client has outstanding demand of rs 30 lakh from 2007_08. And all due to wrong challan and wrong return

CA Nitin K. Varshney (FCA DISA CCA Peer Reviewer (ICAI)) (606 Points)
Replied 09 June 2014

sunil ji, i dnt thnk dat it will be possible to adjust single challan in various A/Y and various assesse. As i knw dat a single challan is valid only for single a/y, for single section and to single assessee. u cnt adjust any single challan in more dan 2 sections and A/Y otherwise challan will not be verified on OLTAS.