My client mentioned wrong ass. year(Ass. year 2013-14) in tds challan in 1st quarter of ass. year 2014-15. Weather i can consider that challan for his 1st qrtr return of tds or not? If no then what i can do?
Vaishali Bopardikar (CA final passed) (109 Points)
07 October 2013My client mentioned wrong ass. year(Ass. year 2013-14) in tds challan in 1st quarter of ass. year 2014-15. Weather i can consider that challan for his 1st qrtr return of tds or not? If no then what i can do?
Deepak Gupta
(CA Student)
(15922 Points)
Replied 08 October 2013
| Originally posted by : Vaishali Bopardikar | ||
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My client mentioned wrong ass. year(Ass. year 2013-14) in tds challan in 1st quarter of ass. year 2014-15. Weather i can consider that challan for his 1st qrtr return of tds or not? If no then what i can do? |
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You should go for challan correction. For relevant procedure, download the file attached herewith.
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[Although in new version (4.0) of File Validation Utility for TDS return, challan deposit date can pertain to the immediate previous financial year, but this feature is to be used for excess tax paid earlier. Moreover, you have paid the amount by mistake and the transaction has no connection with the books of account of FY 12-13. Hence, you should rectify the challan itself.]
Vaishali Bopardikar
(CA final passed)
(109 Points)
Replied 09 October 2013
Thanx a lot....
Will you please tell me from where you got these details..
Deepak Gupta
(CA Student)
(15922 Points)
Replied 09 October 2013
Source Link for Challan Correction Mechanism
https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf
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