Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Tds payment company deductee or non company deductee

Neelam Yadav (44 Points)

07 October 2019

i deposited all challans according deductors status .... does it create any issue??

Reply
Follow
Share

9 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 07 October 2019

Can You elaborate Your query?

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Sharma (Accounts executive) (552 Points)
Replied 07 October 2019

He means he deduction all challans considering his organization as company or non company deductee. Well this has not been arised as any issues as per my experience so far.

1 Like

Neelam Yadav (44 Points)
Replied 07 October 2019

I selected company deductee coz my company is pvt ltd.. it's worong i have to select according to deductees status... now is it any issue rise in future?

1 Like

Sandeep Sharma (Accounts executive) (552 Points)
Replied 07 October 2019

That's what m telling...i have done as you..but i have never experienced any problem so far.

1 Like

Mahesh Bingi (Tax return preparer) (462 Points)
Replied 07 October 2019

No issues..Go on for returns filing.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Kapadia Pravin (17259 Points)
Replied 08 October 2019

@ Neelam
Issues may arise in future to Deductees for getting TDS credit. I repeat , may arise.

Better to correct in TDS return if possible.

Now onwards you write correct status of deductee to avoid any type of mis-match

Mahesh Bingi (Tax return preparer) (462 Points)
Replied 08 October 2019

@ Neelam As of my knowledge i did TDS defaults corrections worth approx 8cr. and faced no issues in this matter.

Now onwards pay challans correctly..

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 08 October 2019

@ Mr Neelam Yadav.,

No issues not a matter or if it's kick in future.

But, Better to follow correct advice if T/O is Lakhs or Crores.

Just follow Mr Kapadia Pravin view...

Suresh Thiyagarajan (Student) (3986 Points)
Replied 08 October 2019

1. TDS challan corrections can be done through online via TRACES.
2. Specifying non-corporates as corporates assessee is a common mistake done by many people. But the same should be rectified soon in order to make sure no problem arises to the taxpayers in the future.
3. The above mistake can be rectified online via that portal, however, there is time limit within which the rectification request should be given.
4. Proper advice is to correct it before anything happens.
Please correct me if the above solution has an alternative view.