For wrong challan paid in Income Tax

[JIGNESH SITAPARA]

Dear Experts,

One of my client has been paid amount in TCS instead of TDS. Now, this is possible convert from TCS to TDS ??

[Sadanand Bulbule]

TCS & TDS are two distinct mechanisms, different responsibilities under diffrent provsions and timings. In my opinion,  therefore, it is not possible. But you may later adjust or claim refund for the wrong payment after proper reconciliation.

Consult your jurisdictional IT office.

[Jeyo Tak]

If the payment was made under TCS instead of TDS, it can’t be directly converted. The best option is to ask the payer to revise the return and correct it.

AI Summary

Taxpayer paid TCS instead of TDS - reconcile records, seek refund or have payer correct return to reflect TDS A taxpayer paid tax under the Tax Collected at Source (TCS) head instead of Tax Deducted at Source (TDS). Respondents state TCS and TDS are distinct statutory mechanisms and cannot be directly converted. Recommended remedies include reconciling records and either seeking a refund for the incorrect payment or having the payer revise and correct the return to reflect TDS. Advises consulting the competent tax office or jurisdictional authorities to pursue refund, adjustment procedures, or rectification of filed returns.