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tds query

CA Siva Kishore (M.COM, F.C.A.) (716 Points)

19 June 2009

Dear guys,

If TDS Amount for all the 4 quarters has been paid in a single challan at the end of March, 2009, how to split that challan for quarterly returns of 26Q ? Will such separation be permitted ?

Urgent info.please. Thanks in Advance.

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4 Replies

Vibhash Kumar Sah (CA) (73 Points)
Replied 19 June 2009

Dear Mr.D. Siva Kishore,

According to ur requirement u can split the amount of challan. People are following this practice and till date they are not in any problem. One thing I must want to tell u, if for different heads, payment has not been made through different challan then it is better to inform the TDS department regarding the mistake and the inter head adjustment u are doing.

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CA Siva Kishore (M.COM, F.C.A.) (716 Points)
Replied 19 June 2009

Firstly thanku for reply sir ! in fact that challan amount is only for a sigle type of section head. but instead of 4 separate payments, one single challan paid for all quarters in total. But if the same challan is used, 27A as well as 26Q will contain the same amount deposited in challan details where as tax deducted will be different for all 4 quarters. if the same challan details are entered for different quarters, will it cause any problem ?

N.K.Gupta (DY. COMMERCIAL MANAGER) (27 Points)
Replied 19 June 2009

Originally posted by :CA.D.Siva Kishore
"		"

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 20 June 2009

Dear Siva,

as you deposited full yeard tds in one challan there is no problem to efile your return, people are keep doing these type of things and i have not seen any of notice etc. from TDS deptt.

but in future pls make sure to make seperate challan for each quarter. and Deposit on Time. :-)

Praveen