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TDS Challan Mistake ??

vkbothra (Learning ) (690 Points)

03 September 2010

While filling Challan No. 281 (TDS challan)

where my assessee had to fill code no. 94A (TDS on Interest), he mistakenly filled code no. 92B (salary person other than govt. salary person)

what to do now?

if this will not get changed, those whos taxes are being deducted will not get their claim.

plz help me out to change this as soon as possible.

thank you

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11 Replies

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 03 September 2010

Write a letter to your TDS ward officer to correct the mistake made and state the mistake made by you while making the payment.

vkbothra (Learning ) (690 Points)
Replied 03 September 2010

ok thank you sir. let me try this.

Pooja Shah (Article) (66 Points)
Replied 12 November 2010

Hey do tell me if TAN No qouted is wrong then what can I do to correct the mistake??

Please reply.:-)

Thanks & Regards,

Pooja.

vkbothra (Learning ) (690 Points)
Replied 12 November 2010

Dear Aditya Sir,

Sorry bcoz i didnot followed your process,

I just approched the Bank clerk and told him, what had happen with me.

He advised me to give a new TDS challan filled properly this time, also an application in which i took all the liabilities regarding any mistake in future or any mislead on behalf of the TAN owner.

after that they corrected that and i got new TDS challan ack. and this time everything was fine

;)

vkbothra (Learning ) (690 Points)
Replied 12 November 2010

Dear Pooja,

Just go to the Bank and ask them to rectify the mistake. hope they will help you out.

;)

Pooja Shah (Article) (66 Points)
Replied 12 November 2010

Thanks sir..

I will try it out.

R M Malhotra (A M) (61 Points)
Replied 13 November 2010

When I was checking all the deductee PAN for F Y 09-10, I have come to know my mistake that I have treated Partnership firm as Individual and I deducted and deposited the TDS @ 1 % in place of 2% as per u/s. 94C.

(E.g. Rs. Bill 101000.00-TDS 1000.00=Net Pay 100000.00) @ TDS 1%

But correction must be

TDS u/s. 94C for Partnership Deductee is 2%

(E.g. Rs. Bill 102000.00-TDS 2000.00=Net Pay 100000.00)

But we have already filled the Audit, Annual ITR and Annual TDS return. Now see the above circumstances, our TDS liability accrued and may be AO will disallow and impose the penalty with taxes for the non deducted Bill Amount and we will have to pay the Tax at the time of scrutiny.

So how can I rectify the mistake and save the tax & penalties

Kindly reply

Somebody (IT Consultant) (126 Points)
Replied 28 November 2010

For FAQ on Challan by TIN-NSDL please visit:

https://www.tin.nsdl.com/faqRevisedCorrections_challan.asp

Somebody (IT Consultant) (126 Points)
Replied 28 November 2010

Or refer to the table below which is taken from the TIN-NSDL website :-

(Since it is circulated here with a view to sort out the problem, which is the objective of FAQ on TIN-NSDL , i hope copyright shouldnot be an issue)

Sl. No.	Type of Correction on Challan	Performed By
1	PAN/TAN	Assessing Officer
2	Assessment Year	Assessing Officer
3	Major Head	Assessing Officer /Bank
4	Minor Head	Assessing Officer
5	Nature of Payment	Assessing Officer
6	Total Amount	Bank
7	Name	Bank

Somebody (IT Consultant) (126 Points)
Replied 28 November 2010

Dear Malhotra, A Stitch in Time Saves Nine.

1. Just calculate the amount of short deduction, add up-to-date interest in that as per applicable rates, and deposit the amount in government account - soon.

2. File a correction return for that quarter amending the mistakes.

3. Pass the entries in your current books as per the actual dates now - "Being the amount of short deduction of tax on (date) from the payment to (name) recompensed now with interest".

and Sleep.