How rectify TDS deducted
This query is : Resolved
08 November 2010
Dear Experts,
In AMC contract 1000/-@2% =20 but i deducted 1000/-@10% = 100 and remit 100 U/S 194J. How to rectify this mistake???
Please say ??
In AMC contract 1000/-@2% =20 but i deducted 1000/-@10% = 100 and remit 100 U/S 194J. How to rectify this mistake???
Please say ??
08 November 2010
You can adjust the excess deposit against TDS payable for next month.
08 November 2010
Thank u Gupta garu! but i Quote 194J how to rectify to 194C? or it will be adjusted on 194J only?
08 November 2010
You can write a letter to your TDS AO for correction in challan data along with a copy of the said challan.
08 November 2010
How prepare the letter to TDS AO?
Kindly send any format for that letter!!
Kindly send any format for that letter!!
08 November 2010
anyway thank u sir!!
08 November 2010
Required Format:
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-J 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 194J 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)
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-J 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 194J 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
08 November 2010
Thank u very much sir!!!
08 November 2010
Ex: AMC charges 200000/-;
TDS on AMC @2% on 200000 =4000 deducted and will be remit the same as per 194C.
But TDS on AMC @10% on 200000 = 20000 deducted and remitted the same as per 194J.
In this case two mistakes are there 1.Section 2.Amount
TDS excess payment 20000-4000=16000.excess payment remit u/s 194J. it will be adjusted in 194J or 194C next month tds payments. that remittance aslo insted on 194C.??
Plz ans to me.!!
TDS on AMC @2% on 200000 =4000 deducted and will be remit the same as per 194C.
But TDS on AMC @10% on 200000 = 20000 deducted and remitted the same as per 194J.
In this case two mistakes are there 1.Section 2.Amount
TDS excess payment 20000-4000=16000.excess payment remit u/s 194J. it will be adjusted in 194J or 194C next month tds payments. that remittance aslo insted on 194C.??
Plz ans to me.!!
08 November 2010
Ex: AMC charges 200000/-;
TDS on AMC @2% on 200000 =4000 deducted and will be remit the same as per 194C.
But TDS on AMC @10% on 200000 = 20000 deducted and remitted the same as per 194J.
In this case two mistakes are there 1.Section 2.Amount
TDS excess payment 20000-4000=16000.excess payment remit u/s 194J. it will be adjusted in 194J or 194C next month tds payments. that remittance aslo insted on 194C.??
Plz ans to me.!!
TDS on AMC @2% on 200000 =4000 deducted and will be remit the same as per 194C.
But TDS on AMC @10% on 200000 = 20000 deducted and remitted the same as per 194J.
In this case two mistakes are there 1.Section 2.Amount
TDS excess payment 20000-4000=16000.excess payment remit u/s 194J. it will be adjusted in 194J or 194C next month tds payments. that remittance aslo insted on 194C.??
Plz ans to me.!!
08 November 2010
You have two options. You can adopt whichever suits you...
1) Pay Rs 4000/- u/s 194C and adjust TDS u/s 194J of Rs 20000/- later.
2) Write a letter to TDS AO to correct the section in challan from 194J to 194C and then adjust the excess amount of Rs 16000/- u/s 194C.
1) Pay Rs 4000/- u/s 194C and adjust TDS u/s 194J of Rs 20000/- later.
2) Write a letter to TDS AO to correct the section in challan from 194J to 194C and then adjust the excess amount of Rs 16000/- u/s 194C.
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