Change in tds code

This query is : Resolved

Vijay Bhawsar (Querist)
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13 September 2011 If any assessee has paid TDS online but while paying the TDS he has wrong code i.e.94C instead of 94I.

what is the procedure to rectify?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 September 2011 You can write a letter to your TDS AO for correction in challan data along with a copy of the said challan.

See Instruction by official website of NSDL from below link---

http://www.tin-nsdl.com/faqOLTASdeposit.asp

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 September 2011 Required Format for Correction of Section:

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 194I 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 194I instead sec 194C.

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)

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 September 2011 New correction mechanism is applicable only for Challan with deposit date greater than equal to September 1, 2011.

See below link for details---

https://www.tin-nsdl.com/oltas/oltas-note.php

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