Difference between Challan and Return
Challan |
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. (either offline or online) |
Note:-
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.