Question ID :
38154
TDS challan adjustment
We have deposited TDS mentioning Ass Year 2019-20
Can We use this challan for ass Year 2020-21 also
Posted by
Mahesh Kumar
on
May 20, 2019
Filed Under
DIRECT TAXES
No, you need to request for the necessary rectification .
The power to amend such wrong details in challan after payment of tax in OLTAS has been given to Assessing officer and Bank depending upon the type of correction, which has been provided as follows for the benefit of all concerned. At present, the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name. The other errors can be corrected only by the assessing officers.
Posted by
CA. BISHT RAKESH on
May 21, 2019
Answer ID :
76603
You have to approach bank within 7 days of deposit of challan. If this time limit is expired, you have to approach A. O. to rectify Assessment year.
Posted by
CA. chunauti dholakia on
May 21, 2019
Answer ID :
76604
Yes, Challan of previous year can be used in further year TDS Liability , and Serial No. and BSR needs to be mention in further year TDS return.
Posted by
HARJEET on
May 21, 2019
Answer ID :
76611
if a wrong year was shown in the TDS challan, get it corrected through the bank or through your jurisdictional officer.
Posted by
CA. VENKITARAMAN K V on
May 21, 2019
Answer ID :
76669
Can be rectified either through bank or AO
Posted by
SIVADAS CHETTOOR on
May 29, 2019