Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2013
We deduct TDS under professional services (section 194J) on Rs. 50000 @10% but wrongly dedposit this amount under section 194C i.e. Contract. What should we do.
11 February 2013
well you have made a mistake which doesn't affect the processing of your tax return.
Deducting under 194J(10%) which stipulates higher deduction rate than 194C(2%), and mentioning the same under 194C won't pop up any query from income tax department. However, for the sake of probity, you may approach your banker to correct the challan details.
Deducting under 194J(10%) which stipulates higher deduction rate than 194C(2%), and mentioning the same under 194C won't pop up any query from income tax department. However, for the sake of probity, you may approach your banker to correct the challan details.
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