TDS challans are used to deposit TDS with the Indian government. There is only one challan that can be utilised for depositing taxes collected under each section of the Income Tax Act. Assesses who want to pay the TDS without a challan must deposit the TDS collected on the same day.
Basically, there are two types of TDS Challans as described below –
Income Tax India’s official website has a form called TDS Challan 280. It is possible to pay income tax online or offline using Challan 280.
In addition to Advance Tax, Regular Assessment Tax, Surcharge, Self-Assessment Tax, and Tax on Distributed Profits, Challan 280 can also be used for Income Tax payments.
Challan No./ITNS 280 is required to pay Income Tax and Corporation Tax, regardless of the mode of payment chosen.
For Challan 280, the following details are required:
TDS challan 281 is used by corporations and non-corporate commodities to deposit TDS or Tax Collected at Source. As part of the sale of specified goods, the seller typically collects this fee from the buyer. A Challan Identification Number (CIN) is generated when the payment is made.
The following steps will guide you through the process of adding challan details to the Original and Correction Statements:
Step 1: First Install the Gen TDS Return Filing Software On Your Laptop and PC.
Step 2: Now Select the form on which you want to file your ‘Original TDS returns’. Just click on the ‘TDS Forms’ option as shown in the screenshot.
Step 3: Click the Particular Client, Quarter and Assessment Year.
Step 4: Select the Section in Which You Have Made the Payment and Fill in the Challan Details Like BSR Code, Challan Date, Amount etc.
Step 5: The next step is to add your challan details by clicking the save button. In the upper row, you can see the details of the challan.
Step 6: After Double Clicking on Challan You Can Add the Deductee Details.
Step 1: In the case of the correction statement. If the client clicks Yes on the Request for Online Correction, they can add the details of the challan while making the correction.
Step 2: After that Click on the Available Status
Step 3: In the next process you can add challan as shown in the below screenshot
An advisory has been released by the Goods and Services Tax Network (GSTN) which notifies…
It was cited by the Delhi HC that the two adjudication orders against one SCN…
The Central Board of Direct Taxes (CBDT) in an update for the taxpayers via the…
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second…
Goods and Services Tax (GST) is to get paid on the procurement of materials and…
The Bombay High Court carried that as the revocation orders for the registration cancellation on…