194 - TECHNICAL SERVICE CLARIFICATION
This query is : Resolved
26 January 2011
Against the technical services contract we wrongly deducted 2% TDS under section 194C instead of 194J for the 1st and 2nd works contract bills now for future bills we are deducting under 194J i.e. 10% - now agaisnt the 1st & 2nd bills how to regularise the balance 8% whether any interest we have to pay - please advice
26 January 2011
You need to deduct the balance 8% against earlier bills and deposit the same along with interest @1% p.m. on short deduction of TDS.
26 January 2011
sir but tax deducted under 194c is paid with seperate challan for the 3rd qtr and now balance 8% shall come under 194J- in that case please advice how both the amount may match with total of 10% will filing e-returns
26 January 2011
YOU WILL HAVE TO WRITE A LETTER TO YOUR TDS AO FOR CORRECTION IN CHALLAN DATA FROM SEC 194C TO 194J. THEN WHILE FILING RETURN YOU MAKE A DIVISION OF BILL AMOUNT IN TWO SEGMENTS BY BACK CALCULATING THE TDS AMOUNT AND THEN GIVE DETAILS IN YOUR RETURN.
EXAMPLE:
SAY BILL AMOUNT RS 100
TDS NEEDED TO BE DEDUCTED RS 10
YOU DEDUCTED RS 2 & RS 8 AND SUBMITTED THROUGH TWO SEPARATE CHALLANS.
NOW DIVIDE THE BILL IN TWO PART
1) RS 20 TDS RS 2 @ 10%
2) RS 80 TDS RS 8 @ 10% AND SHOW THE INTEREST AMOUNT IN 2ND CHALLAN.
THIS WAY YOU CAN FILE THE RETURN.
EXAMPLE:
SAY BILL AMOUNT RS 100
TDS NEEDED TO BE DEDUCTED RS 10
YOU DEDUCTED RS 2 & RS 8 AND SUBMITTED THROUGH TWO SEPARATE CHALLANS.
NOW DIVIDE THE BILL IN TWO PART
1) RS 20 TDS RS 2 @ 10%
2) RS 80 TDS RS 8 @ 10% AND SHOW THE INTEREST AMOUNT IN 2ND CHALLAN.
THIS WAY YOU CAN FILE THE RETURN.
26 January 2011
Required Format OF Letter:
Date :..........
To
The ITO
Ward.57 (3), TDS, Kolkata
10B, Middleton Row
Kolkata – 700 071
Sub: Request for Correction and/or rectification of Section in TDS challan.
Sir,
This is to inform you that we had deposited TDS of1000/- (One Thousand Only) u/s 194C pertaining to the month of March’2010 but at the time of online payment of the said amount the section was wrongly selected as sec 194C instead sec 194J.
We therefore request you to kindly make the necessary correction in your records. We are also enclosing a photocopy of the said challan.
We regret for our inadvertent mistake.
Thanking you,
Yours faithfully,
For .................... Pvt. Ltd.
(Authorized Signatory)
Date :..........
To
The ITO
Ward.57 (3), TDS, Kolkata
10B, Middleton Row
Kolkata – 700 071
Sub: Request for Correction and/or rectification of Section in TDS challan.
Sir,
This is to inform you that we had deposited TDS of1000/- (One Thousand Only) u/s 194C pertaining to the month of March’2010 but at the time of online payment of the said amount the section was wrongly selected as sec 194C instead sec 194J.
We therefore request you to kindly make the necessary correction in your records. We are also enclosing a photocopy of the said challan.
We regret for our inadvertent mistake.
Thanking you,
Yours faithfully,
For .................... Pvt. Ltd.
(Authorized Signatory)
26 January 2011
Shri. Sanjay Gupta thank u very much for u r advice
U. Pradeep kumar
U. Pradeep kumar
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