We are a partnership firm deducting TDS under various sections 194Q. 194J194H etc, currently we are paying tds to govt by creating different challans for each sections and also within that we are creating different challans for non company and company deductees. Now i have heard that only one challan can be used for payment of above tds. Kindly guide us in this matter
Can One challan be used for payment of TDS deducted under different sections
Anurag Dhawan
Partnership Firm May Use Single Challan for TDS Payments Across Sections 194Q, 194J, and 194H A partnership firm inquired about the possibility of using a single challan for paying TDS deducted under various sections, such as 194Q, 194J, and 194H, instead of creating separate challans for each section and for company and non-company deductees. A respondent suggested that it is possible to use one challan for the payment of TDS across different sections. (AI Summary)
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TaxTMI