i deposited all challans according deductors status .... does it create any issue??
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Quick Summary
TDS challan payments made under �company deductee� instead of �non-company deductee� generally do not create immediate issues in filing returns. However, experts advise correcting the classification through TRACES correction to avoid future TDS credit mismatches for deductees. Proper categorization should be followed going forward to ensure compliance and smooth credit.
He means he deduction all challans considering his organization as company or non company deductee. Well this has not been arised as any issues as per my experience so far.
I selected company deductee coz my company is pvt ltd.. it's worong i have to select according to deductees status... now is it any issue rise in future?
1. TDS challan corrections can be done through online via TRACES.
2. Specifying non-corporates as corporates assessee is a common mistake done by many people. But the same should be rectified soon in order to make sure no problem arises to the taxpayers in the future.
3. The above mistake can be rectified online via that portal, however, there is time limit within which the rectification request should be given.
4. Proper advice is to correct it before anything happens.
Please correct me if the above solution has an alternative view.
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