Hi,
I have deposited TDS on 12.03.2014 for II nd III qtr both with one challan so can i adjust the one challan in both the qtrs II nd III
Plz solve the confusion wht i should do bcoz dr is no refund of excess TDS deposited....
Thnx
11 Replies
ANAND S
(student)
(162 Points)
Replied 13 March 2014
You need to enter challan details (with full amount) in challan sheet of both quarters and in annexures you have to link the challan with deductions so in both quarters challan amount should get adjusted exactly.
CA Swati Chechani
(NA)
(77 Points)
Replied 13 March 2014
bt Sir..... we have deposit amt as par qtr so on defalt depp will allowe me to adjust the amount of TDS????
CA Abhishek Goyal
(Chartered Accountant)
(516 Points)
Replied 19 March 2014
Dear Mr. Anand, you say that One Challan is entered in both the Quarters with the same Deductees...but if we do the same, department will raise the Query of OVERBOOKED Challan. As One Challan is entered in Both the Quarters..Plz give Some example to understanding the same.
Nisha Pandey
(student)
(22 Points)
Replied 20 March 2014
Hello Sir,
I have a doubt one of our client has paid TDS and interest in TDS amount only they havent bifurcated the the interest amount in the challan. So please tell me can i adjust that amount in interest column.???
CA Swati Chechani
(NA)
(77 Points)
Replied 20 March 2014
no u cant adjust the tds amt into int. column bt int of diff challan cn b adjusted
CA SUKSHAM ARORA
(CA)
(569 Points)
Replied 20 March 2014
AND SWATI,
ACCORDING TO ME ,
YOU NEED TO SHOW CHALLAN BY FULL AMOUNT IN BOTH THE QUATERS AND LINK DEDUCTEE ONLY OF THAT QUATER
CA Swati Chechani
(NA)
(77 Points)
Replied 20 March 2014
No challan is nt shown by full amt it is shown by required amt bt v sud remember dat it sud nt exceed d actual challan amt.....
CA SUKSHAM ARORA
(CA)
(569 Points)
Replied 20 March 2014
THEN, HAVE NOT YOU GET AN INTIMATION FROM THE DEPARTMENT FOR CHALLAN MISMATCH ?
CA Swati Chechani
(NA)
(77 Points)
Replied 20 March 2014
No Deptt will hv total of dat particular challan nd if d amt is less deposited nd u will hv a demand notice.....nd if mor den forfited
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