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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
