27 May 2013
Sir in the year 2010 we paid a tds challan in that mistakenly quoted tds code 194H instead of 194C, now for that we received a intimation from IT Dept regarding short deduction of 8% percentage please guide me can we correct it in IT Depart ment i need to know procedures
Note:For the above deduction we dont have any Bill from contractor, we made a payment through cheque he is a individual not having any firm like that
27 May 2013
The demand has been raised because you have shown Sec 194H in TDS return. Only way out now is to revised your TDS return showing Section 194C even though TDS was deposited u/s 194H. Return will validate.
After that write a letter in reply to demand notice stating that section 194H was wrongly shown instead of Section 194C and amount was also deposited u/s 194H by mistake. Now the TDS return has been revised and you are requested to kindly make necessary correction in challan data.
If the matter is resolved its fyn but in case if the want to see documents than you dont have the same. try to get a bill from that individual.
CAclubindia
