Correction in tds section

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Patel (Querist)
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09 May 2012 Hello Experts,

While making payment online pymt for TDS for the month of Feb 12, have wrongly selected section as 94J instead of 94I

Kindly advise how to correct this error

Thanks in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 May 2012 Write a letter to your TDS AO for correction in challan data along with the photocopy of the challan.

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 deducted TDS of Rs 1000/- (One Thousand Only) u/s 194I pertaining to the month of Feb’2012 but at the time of online payment of the said amount the section was wrongly selected as 94J instead of 94I.

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)

Note: Make changes wherever necessary.

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Patel

Patel (Querist)
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09 May 2012 Dear Gupta,

suppose in 1 transaction we have selected wronge section then what we have to do

ex. in feb there are 10 transaction for sec 94J, and total amt is rs 1,00,000/- and we have made a pymt for rs 1,00,000/- but after that we have observed that in 1 transaction we have to deduct tds u/s 94 I

kindly advise

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 May 2012 Here you have an advantage rate of TDS under both sections are same i.e. 10% (If Rent is not on plant and machinery in that case TDS will be 2%). So no question of default of short deduction arises.

While filing return give same challan details and file the return. No other way as far as i am concerned.

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