Remittance of tds under wrong section
This query is : Resolved
SAURABH AGRAWAL
(Querist)
09 January 2016
Dear Sir/Madam,
Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.
Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.
10 January 2016
As per my view, the two TDS payments are ultimately variable each other. Under TDS paid in 194IA there is no need to have TAN and no possibility to file ETDS return. TDS challan to be paid with both PAN of payer and payee. But under 194C, there should be a active TAN and ETDS return to be filed to give credit to the related PAN. But you may consult your Jurisdictional AO immediately.
KAVIRAJA ADDANGADI
(Expert)
01 February 2016
No, there is no option, and more over payments is made based on TAN, for 26 QB you need not deduct challan 281 it is. Remitted by buyer PAN by quoting seller PAN .
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