Error in category selection while remitting tds
Querist : Anonymous
While remitting tds U/S 194C, instead of remitting tds u/s 194C_Company category, I have remitted under 194C_non Company category.
Requirement:
As remittance was made online & challans being generated for the amount under company & non-company category separately ,for which PAN based deductee details to be provided in Annexure sheet matching to the Challan amount as remitted, while filing Form26Q is essential.
Issue:
(1) I will get a difference to the extent of amount remitted towards a specific deductee under non-company category instead of company category, while filling Form 26Q between Challan sheet & Deductee Sheet.
(2) The deductee may not get credit of this amount in his Form 26AS.
Am yet to file Quarterly return_Form 26Q.
How to rectify this mistake.
thanks in advance.
Querist : Anonymous
At the outset, Thanks for the response.
But then, The requirement of Challan sheet & Annexure to it has to match at section & category level for generating successful e_filing data for Quarterly return and for the deductee to get his credit.
For Deductor’s convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances:
# Payment of Tax Deducted under different sections and different categories of the Income Tax Act, 1961
# The CPC (TDS) system gives credit of TDS against different sections of the Act, even though a specific section has been quoted in the challan.
# Example: The challan used for payment of TDS relevant to Section 192 of the Act can also be used for the purpose of reporting tax deposited under Section 194 of the Act also.
Also see below link in this regard:
http://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html
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