1)When a Pvt Ltd Co. paid TDS on Rent for an "Individual", they shown as "Company Deductees" instead of "Non Company Deductees" in Challan No.281. And,
2)They have not filed TDS return. They paid TDS amount for the months of Sept & Oct 10 together in a single challan.
Is there any problem will arise while submitting the TDS return?
Then the TDS payments are spread over 2 quarters, i.e Q2(Sep) & Q3(Oct). AND, as you know, the tds returns are required to be filed on quarterly basis, so its always going to be a problem in adjusting the TDS payment.
05 January 2011
No problem as far as showing "Company Deductees" instead of "Non Company Deductees" in Challan No.281 is concerned. But there will be a problem while filing return of both 2nd quarter and 3rd quarter as TDS for sept and oct has been deposited in single challan. We should pay TDS involving two quarters in single challan.
Way Out: There is a way out of this problem.. While filing TDS return of both the quarters show same challan no and total challan amount, but deductee entry of respective quarter only. Example-- Say TDS of Sept 100 and TDS of Oct 200 Total amount deposited is Rs 300.
In 2nd quarter return make challan entry of RS 300 and deductee entry of Rs 100. Rs 200 will remain excess. In 3rd quarter again make same challan entry of Rs 300 and TDS deductee entry of Rs 200. Rs 100 will remain excess. When query raised by Department clarify the situation in this regard. This is the only way out of this problem.
05 January 2011
Many Times we face problems in filing TDS return. One of the best way is to contact the TIN Call Centre. The will suggest you the solution of your problem. The above solution was also suggested by them.
020 – 2721 8080 This is the no of TIN Call Centre.
05 January 2011
Thanks for your reply. Sir, their TDS amount for the month of November and September are same. So, can they show the challan of Nov month in Sept. and pay interest on delay?
When we pay TDS, we need not provide the details of deductees and the details of month in respect of which we pay the tax. So, here, for eg. Challan 1- TDS paid for Sept & Oct Rs.2000/- (1000 p.m. paid in a single challan) Challan 2- TDS paid for Nov Rs.1000/-
My question is, can we show the challan 2 in 2nd Qtr return and Challan 1 in 3rd Qtr return?
CAclubindia
