In the month of March, we have paid 2 challans
1. u/s 194C 1500
2. u/s 194j 1000
we have adjusted 1000 against 194C & there is a balance of 500, can we adjust the deduction under 194J?
Menu
TDS PAYMENT UNDER DIFFERENT SECTION
Replies (8)
Quick Summary
Yes, adjustment is allowed.
Use it for 194C to avoid qualifications in Audit Report
Qualification in audit report is not required.
Auditors may qualify the report.. Client can't qualify it since client can't be auditor for their self
| Originally posted by : Eswar Reddy S | ||
 |
Use it for 194C to avoid qualifications in Audit Report |  |
Sorry but that is simply wrong. Since many years, the section under which tds was paid is irrelevant. The only thing that matters is the return and having enough balance in the challans listed in the return.
And auditors trying to use this as grounds for a qualification must be reported and disciplined.
Practically problem is with IT dept . So Auditors can raise objection.
That is just loophole and it may be fixed by IT dept .
That is just loophole and it may be fixed by IT dept .
| Originally posted by : Eswar Reddy S | ||
|
Practically problem is with IT dept . So Auditors can raise objection.That is just loophole and it may be fixed by IT dept . | |
There is no practical problem, certainly not in my experience.
The only problem I have found is lazy auditors.
Your have valid reason but
Is it right to pay 194C under 194J or 194I ?
Just think about it .
Is it right to pay 194C under 194J or 194I ?
Just think about it .
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
