Information regarding TDS relates to two quarters should not be deposited in single challan. Two separate challans should be deposited for each quarter. However tin system says to deposit separate challan for the type of deductee like company deductees or non-company deductees.
But many times, it has been noticed that deductor deposit single challan for two or more quarters without having proper knowledge. In such case, challan will be entered in both quarter return but full tds amount will not be entered in TDS column in each return. TDS amount will be entered only relates to particular quarter and balance amount will be entered in Others column. With the example given below, position will be explained easily.
But many times, it has been noticed that deductor deposit single challan for two or more quarters without having proper knowledge. In such case, challan will be entered in both quarter return but full tds amount will not be entered in TDS column in each return. TDS amount will be entered only relates to particular quarter and balance amount will be entered in Others column. With the example given below, position will be explained easily.
Example :-
TDS deducted in Quarter 1 = 2000
TDS dedcuted in Quarter 2 = 3000
Amount deposited in Single Challan = 5000.00
Entry in Annexures are normal but challan entries are complicated.
*Challan entry in Quarter -1 e-TDS return*
TDS amount = 2000
Others = 3000
Total Tax Deposited = 5000
*Challan entry in Quarter -2 e-TDS return*
TDS amount = 3000
Others = 2000
Total Tax Deposited = 5000
No doubt, problem will be resolved with the help of above suggestion, but it is not healthy practice. In General , everyone should avoid for single deposit for TDS deducted in two Quarters.
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