Difference between Challan and Return
It is a one page form used to pay tax
It contains details of tax paid (more than one page)
It is done first
It is done later
Challan is deposited with Bank along with cash/cheque/net banking
(either offline or online)
Return is deposited with concerned Tax Dept.
While depositing any return, it should be ensured that tax payable is 0.
(i.e. all tax which is due has been paid in challan) In return details of challan are also mentioned.
It is normally 7th of next month of Tax Deducted
However for March,it is 30th April in case of TDS Non Salary
For TDS Salary-it is 7 April
Procedure for TDS Challan
It can be paid both
Form 26Q (if TDS Deducted of Residents)
Form 27Q (if TDS Deducted of Non Residents)
Same due dates for Form 24Q / 26Q /27Q
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