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Tds short deduction can be two different challan in one

TDS 334 views 1 replies

Amit Kumar

Accountant

276 Points Joined May 2011

Dear All,

I have a party which we have taken a loan the party is nri thats why we deduct 30% tds on amount but after deducting the tds and submitting we get the information for increasing the percentage that it increase and total 30.9% so my question is can two challan can be club in this situation please tell ASAP

Thanks in Advance

Amit Kumar

Replies (1)

CA Raj Doshi

Practising CA

8944 Points Joined December 2013

You cannot club 2 challans. What you can do is as follows.

interest amount is say Rs.100000

1. Challan amount Rs.30000;
Details in tds returns : Amount paid/credited - 97087 Tds - 29126 + 874 cess.

2.Challan amount Rs.900;
amount paid or credited - 2913 , tds - 874 + 26 cess

In short , split the amount keeping the dates same.