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)
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 Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
