06 February 2014
Pls guide me regarding adj. of TDS (a) Can we adjust challan paid for Intt U.s 194A with TDS deducted for Rental U/s 194I ? (b) How to forward one Qtr un-utilised challan to next Qtr & adjust with next Qtr TDS entry? Pls require help on urgent basis. Thanks in advance for the valuable advice and time sharing.
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06 February 2014
1. You cannot adjust the inter-section. You need to approach AO if the challan was wrongly paid under a different section.
2. you need to mention the full challan details in challan sheet in both quarter's return. in the deductee column just mention the relevant quarter deductions. Overall ensure that the total in deductee columns dont exceed the challan amount.
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