E-tds return

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VIJENDRA DARGAR

VIJENDRA DARGAR (Querist)
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23 April 2014 Last year a TCS Challan was wrongly filed in TDS return (26Q). How to rectify this mistake?

thanks

Rupesh Jain

Rupesh Jain (Expert)
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23 April 2014 how can it is possible
due to rate of tcs and tds are diff.
another case that your challan detail cannot match with OLTS status.

you receive the notice from tds deptt.

then you make rectification.

VIJENDRA DARGAR

VIJENDRA DARGAR (Querist)
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23 April 2014 TCS was deducted @ 1% whereas applicable rate of TDS is 2% on payment to contractors u/s 194C.

We have received a demand notice for additional 1% as it was wrongly filed u/s 194C. Hearing is going on, also we have filed an appeal against such demand.

A Deducter is not allowed to delete a consumed challan and therefore we are unable to rectify such mistake in revised return. There was no mismatch in OLTAS and return was easily filed.

Please let me know the correct procedure to rectify the mistake.