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
Single challan for TDS payments can be used to remit tax deducted under different sections by a deductor. A partnership firm deducting TDS under various sections and creating separate challans for section and deductee categories was advised that a single challan can be used to make payment of TDS arising under different sections. (AI Summary)
TaxTMI
TaxTMI