22 March 2025
Namaste ! I have paid TDS on rent up till Sep.2024 @5% and from Oct.24 till Mar.25 @2% as per the rule. The form 26QC generated from TRACES for both the challans are correct. However both form 16C generated from TRACES show the same amount i.e.2% rate. How to get it corrected? (i am a housewife, not a tax professional. Please guide me!) Thanks!
22 March 2025
Though you have deducted TDS correctly as per existing rules, but the system is not accepting it accordingly. You need to apply for refund of the excess amount and pay to the the deductee.
CAclubindia
