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Tds related

TDS 191 views 1 replies

Dear Sir/Madam

I need to adjust challan deposited in 2nd Q which was left unadjusted, with the TDS entry in 4Th Q. Can we do so or not? 

 

If anybody has done or have knowledge regarding this matter please comment.

thank you.

Replies (1)

1. The unmatched challan details can be edited through "Tagging the challan to any statement" .

 2. Reason of Generation of unconsumed Challan :-
Challan is not used in TDS / TCS return.
Amount of Interest on TDS is excess in Challan and I.T. Deptt has less charged interest on TDS.
Deductor has tagged less TDS  amount of Deductee in comparison with the Amount deposited in Challan.

3. How do we remove these unconsumed challans  :- 
Submission of correction return is a complete solution to remove these challan in case the challan in not used in earlier submitted returns.

No action is required in case of balance amount of  Interest in challan.
In case less tds amount in Deductee sheet was used, then correction is solution to remove such challans. 


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