TDS Deposited Late by Company -

Submitted by India Tax User on Thu, 01/01/2009 - 01:47

I, as a company, have deposited TDS for the FY 2007-08 on 15.05..2008 through Bank Challan instead of e-payment.Return of fourth quarter is uploaded.

My query is
1. Will I get the credit of that payment?
2. If not what is the remidy available to me.
3. Is the payment deposited late to be treated as valid?

Ratan Birla

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It may be better to check the

Submitted by eLagaan Support Team (not verified) on Thu, 01/01/2009 - 01:57.

It may be better to check the challan on challan status enquiry of incometax website. If status of challan is being shown in your Tan no,It means credit has already been given.

As many banks are not ready with the system, this procedure will not be folowed that much rigorously.
Moreover once amount paid is correct, other things are procedural and credit cannot be denied.

If no credit has been shown, in the challan status enquiry of incometax website as stated above, you will get the credit for payment but you will have to move an application U/s 154 for rectification.

eLagaan Support Team