Procedure for correction of tds challan -reg (Income Tax)

This query is : Resolved

Saravanan

( Author )
26 May 2012

Dear Experts,

Can you please guide me, what is the procedure for correction of tds challans

1. We wrongly mentioned sec 192A instead of sec 192B & remitted the tds challns to the bank for June 2011 (asst year 12-13)

Can we issue Form 16 to our employee or not.

If not, what is the procedure for resubmission of tds challans

2. We wrongly mentioned sec 192C company instead of 192C non company and remitted the tds challan to the bank for June 2011 (asst year 12-13)

Can we issue tds certificate to the contractor or not.

If not, what is the procedure for resubmission of tds challans

3.We wrongly mentioned asst year 12-13 instead of asst year 13-14 remitted the tds challan to the bank for Apr 2012 (remitted on 07/05/12)

Can we issue tds certificate for the same in asst year 13-14 or not

If not, what is the procedure for resubmission of tds challans

With Regards
R Saravanan
97915 63907

CA PARAS BAFNA

( Expert )
26 May 2012

It seems that you have exercised most of the possible combination of mistakes.
.
1 & 2.
It is more important to mention the correct Section in the quarterly e-tds return, which has been filed subsequent to making the payment.
.
If correct Section has been mentioned in the e-tds return, there is no problem in issuing Form 16/16A to the employees/contractors.
.
You may get cross checked Form 26AS from the deductee himself as it can easily be checked by registering at the web-site incometaxindiaefiling.
If credit is not appearing in Form 26AS after a reasonable period of filing etds Return, then only you would have to contact the concerned AO (TDS).
.
3.
For this you have to contact AO with a
request to consider the changes.
.