Introduction
TDS Challan is a software generated challan piece prepared by the deductor. The status of TDS challan can be checked by using the ‘Challan Status Enquiry’ link available at the NSDL and UTIITSL’s website. Deductors can use it to enquire about the transaction status of their online Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) payment. This includes verification of challan identification number, bank branch location, bank name, date of deposition amount deposited and status of the challan.
TDS Challan is a software generated challan piece prepared by the deductor.
The TDS Challan is a software generated challan piece prepared by the deductor. The deductor is the person who is responsible for deducting tax from the salary of his employee and depositing it with Income Tax Department.
The process of generating this challan starts with filling up an online form available on their website or mobile app, which requires them to enter their details like PAN number, name, address etc., along with other relevant details like employer’s name or company registration number (RNR), employee’s name etc.. All these details are then verified before submitting this form online or through SMS/email for further processing by IT Department officials at different locations across India depending on where your employer resides in India.
The status of TDS challan can be checked by using the ‘Challan Status Enquiry’ link available at the NSDL and UTIITSL’s website.
The status of TDS Challan can be checked by using the ‘Challan Status Enquiry’ link available at the NSDL and UTIITSL’s website. You can access this link from your TDS Challan page.
This link will provide information about the status of the challan, such as whether it has been paid or not paid etc., along with other details like name and address details, IFSC code etc..
Deductors can use it to enquire about the transaction status of their online Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) payment.
The status of the TDS Challan can be used by a deductor to enquire about the transaction status of their online Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) payment.
This includes verification of challan identification number, bank branch location, bank name, date of deposition, amount deposited and status of the challan.
This includes verification of challan identification number, bank branch location, bank name, date of deposition and amount deposited.
This is the basic information that you need to provide in your TDS Challan form.
The deductor will be able to check the following details under this option: BSR code of branch where tax has been deposited; Date on which tax has been deposited; Amount reported under each head and in total (in figures and words); Challan serial number; Transaction identification number; CIN.
- BSR code of branch where tax has been deposited
- Date on which tax has been deposited
- Amount reported under each head and in total (in figures and words)
- Challan serial number
This information can also be checked by a Sender, if they have sent their TDS return through any other channel than the one specified above. The sender may check this information by logging into My India Assessement portal (www.iimindiaassessment).
Once the deductor checks & verifies all these details, he/she will have to choose from the two following statuses through which an appropriate action can be taken: B – Booked (to be verified by deductor); V – Verified by deductor.
Once the deductor checks & verifies all these details, he/she will have to choose from the two following statuses through which an appropriate action can be taken:
- B – Booked (to be verified by deductor);
- V – Verified by deductor.
TDS Challan is a software generated challan piece prepared by the Deductor to deposit TDS with Income Tax Department.
TDS Challan is a software generated challan piece prepared by the Deductor to deposit TDS with Income Tax Department. The main purpose of depositing this type of challan is to ensure that there is no discrepancy between your income and expenses and hence, it should be taken very seriously.
If you have completed your return forms well in time but still feel that there may be some discrepancies between what you said in them and what actually happened then these are signs where an error could have been made on your behalf which needs rectification immediately so as not to face any penalties for such mistakes later on.
Conclusion
TDS Challan is a software generated challan piece prepared by the deductor to deposit TDS with Income Tax Department. The status of TDS Challan can be checked by using the ‘Challan Status Enquiry’ link available at the NSDL and UTIITSL’s website. Deductors can use it to enquire about the transaction status of their online Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) payment. This includes verification of challan identification number, bank branch location, bank name, date of deposition, amount deposited and status of the challan.
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