vanita patolia (ACCOUNTANT) (24 Points)
25 December 2012IF INTEREST ON DELAYED PAYMENT OF TDS IS PAID IN ONE SINGLE CHALLAN FOR MORE THAN 1 QUARTERS THEN IN SUCH SITUATION HOW TO EXPRESS PAYMENT DETAILS THAT IS RELATED TO EACH CHALLAN
HOW THEY WILL COME TO KNOW BYFIGARATION OF AMOUNT THAT IS RELATED TO EACH RETURN
PLEASE SUGGEST IN REGARDS WITH E-RPU VERSION 3.1
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 25 December 2012
Hi Vanita
You cannot show the same challan in more than one TDS return. In our organisation also, it has happened that same challan was shown in two quarters for their respective amount pertaining to those quarters. The dept. considered the challan for the return which got processed first. And for the other return, Dept. issued us the notice.
However, after issuing notice, it was brought to the notice of dept (AO for TDS) that we have deposited the amount in single challan for more than one quarter. Then they adjusted the amount in their system. We could save ourselves from depositing the tax again.
However, depositing the amount of more than one quarter in single challan should always be avoided.
CAclubindia
