Mukesh Bhaiya (Manager- Accounts) (119 Points)
10 August 2016Hi,
How do i adjust the excess TDS paid u/s 194I with Sec 194 H and 194 C.
I even want to know ho do i file the correction statment for TDS in which there is short deduction of TDS. I have paid the Short deuction amount, but unable revise the quarterly TDS return. Please help.
Regards,
Mukesh
RUDRA
(CA FINAL)
(149 Points)
Replied 10 August 2016
correction statement will be filled through TRACES website
Mukesh Bhaiya
(Manager- Accounts)
(119 Points)
Replied 10 August 2016
Hi Rudra,
I had filed it through traces website, but how should i adjust the shor payment of TDS in the website, downloaded the Consolidated file also.
RUDRA
(CA FINAL)
(149 Points)
Replied 10 August 2016
go to defaults options and go to request for correction in traces
Mukesh Bhaiya
(Manager- Accounts)
(119 Points)
Replied 10 August 2016
Dude i followed the same steps. The interest part is adjusted by adding the challan to the statement of default. My question is how should i adjust the short deduction amount for a particular PAN no.i.e the total tax depostied column in the challan for TDS.
c jyothi
(Student CA IPC / IPCC)
(103 Points)
Replied 10 August 2016
Hi friend
As per your discussion i understood that you have corrected tds return by mentioning the interest on TDS .
For Filing the Corretion Return for Short Deduction please follow below steps.
1.Download Conso file
2.Update the amount of payment to respective deductee to the extend previously Deducted TDS then add one more deductee with same PAN number
example :
For Co you have paid TDS @ 1% instead of 2% E.g: 100000 TDS deductable is 2000
Now update previously mentioned deductee amount to 50000 TDS comes to 1000 @ 2%
Then add new deductee (same co ) enter amount of payment 50000 TDS comes to 1000 @ 2% by adding the challan you have paid
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