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10

things to avoid while making tax challans

By CA Fatarpekar

Feb 14, 2024

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Do not use incorrect type of challan

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Do not make mistake in quoting PAN and TAN

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Do not give PAN in place of TAN or vice versa

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Each branch/division of a legal entity will have a separate TAN if it is filing its separate TDS/TCS return. However there will be only one PAN for the legal entity.

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Do not use single challan to deposit tax deducted under various sections.

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Do not use single challan to deposit tax deducted for corporate and non corporate deductees.

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Do not use same type of challan for depositing various types of tax like advance tax, self assessment tax, etc.

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Do not make mistake in indicating the A.Y. and F.Y. to be indicated in the challan.

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If you have multiple TANs for the same division filing TDs statements, do not use different TANs in different challans. Use one consistently and surrender the others.

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Do not use preprinted challans you receive, without verifying whether the TAN/PAN quoted in these challans belongs to you. You can verify the same from the allotment letter. 

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