Tds query

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2012 Query is relating to TDS return filling.

An Assesse whose TDS return is pending for filling for the FY 2011-12 till now & whose TDS deducted comes to Rs 45,200/- of all 4 Qtr [20000+10000+10000+5300]composing of section like 194A & 194I.

But the said TDS amount was paid by assessee in various challans with different amount which is not matching with the TDS quarter wise.

Query:
1. Does adjustment with above mentioned different challan is correct?

2. If not what are the consequences?
3. For adjusting challan, one challan is adjusted with more then 1 qtr return.

Please advise to solve the query & request to solve it in full and do not give part answere.

waiting for earliest response.

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
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21 April 2012 Dear Friend, First find out whether the amount deposited as TDS was under correct head. If TDS amount payable with Challans are not matching or in case there was less payment of TDS in one quarter , then you can pay the interest for the same. If TDS submitted is not under correct head then you have to rectify the TDS return. Thanks

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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21 April 2012 The expert is correct and I agree with him

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2012 thanks for replying to the query by the experts but it is not fully solved. As i asked whether "adjusting various Quater TDS liabilities with one TDS challan is correct or not ? and what are the consequences of it?"

So request to please solve the query in full.