Challan 281
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2017
I am an Accountant in a proprietary firm. This is first time we are deducting TDS and therefore I need help regarding filling of Challan No 281 for making TDS payment. Please let me know what I have to select i.e. "COMPANY DEDUCTEES (0020)" or "NON - COMPANY DEDUCTEES" in challan 281.
I know as a proprietary firm we are "NON-COMAPNY DEDUCTEES". But I am not sure actually what this option in the challan 281 is asking for ? Our formation or the persons formations from whom we are deducting TDS.
Here I also want to mention you that we have deducted the following amount as TDS from the following persons (here Persons has same meaning as defined in the Income tax Act.)
U/S Amount Person Remarks
192 126526 Individual From our employees
194 C 12000 Individual From Sub Contractors
194 J 13500 Company From Service Providers
Please suggest and thanks ...........
I know as a proprietary firm we are "NON-COMAPNY DEDUCTEES". But I am not sure actually what this option in the challan 281 is asking for ? Our formation or the persons formations from whom we are deducting TDS.
Here I also want to mention you that we have deducted the following amount as TDS from the following persons (here Persons has same meaning as defined in the Income tax Act.)
U/S Amount Person Remarks
192 126526 Individual From our employees
194 C 12000 Individual From Sub Contractors
194 J 13500 Company From Service Providers
Please suggest and thanks ...........
06 January 2017
In the TDS Payment challan, the info asked is w.r.t to your entity.
You need to select non company option. anything other than company, will fall under non company category.
With the respective section numbers, you need to fill in 3 challans and accordingly pay the Tax.
You need to select non company option. anything other than company, will fall under non company category.
With the respective section numbers, you need to fill in 3 challans and accordingly pay the Tax.
06 January 2017
but Deductee Means The Person Who's TDS Is deducted by Me.
06 January 2017
Sorry, i am being misunderstood. The info asked is w.r.t to your company challan. Meant that he has to see from his C - company's angle who the other person is.
So for 192 - Its a "non company Deductee"
194 C - from your question i understand your making payment to Indvl Sub contractor - So Non company
194 J - undestand that payment made to company - hence non company deductee again.
Thanks for asking for the explanation Gokul.
So for 192 - Its a "non company Deductee"
194 C - from your question i understand your making payment to Indvl Sub contractor - So Non company
194 J - undestand that payment made to company - hence non company deductee again.
Thanks for asking for the explanation Gokul.
Message likes :
1 times
06 January 2017
THANK YOU SIR FOR YOUR FEEDBACK ...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
