Deposit/Payment of TDS in 194 I instead of 194 H

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Darryl D (Querist)
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06 April 2011 If at the time of depositing TDS on Commission (194H) by netbanking it has been wrongly deposited under TDS on Rent (194 I) then in that case what is the solution? Also whether new payment of TDS is required in this case? or is it possible that in Quarterly e-TDS return it can be adjusted by showing it u/s 194H because its a tds on commission but wrongly paid u/s 194 I (i.e. TDS on Rent)?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 April 2011 2 ways

1. incase you are having 194I Payment further adjustment can be done with in the financial year

2. Incase no 194I payment you give the challan correction request to your ITO tds circle

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 April 2011 Write a letter to the TDS AO along with a copy of the challan requesting him to make necessary correction in challan data.

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 194-I pertaining to the month of March’2010 but at the time of online payment of the said amount the Section was wrongly selected as 194I instead of 194H.
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.

Message likes : 2 times

Darryl D

Darryl D (Querist)
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07 April 2011 Thanks a lot.

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