Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2013 Dear sir,
We have paid TDS against contract for the month of January 2013.But by mistake we have paid TDS company deductee and non company deductee together.What is the procedure for rectifying the same in submitting the return for the 4th qt.

Please reply back at the earleist.

RAJESH KUMAR KHANDELWAL

RAJESH KUMAR KHANDELWAL (Expert)
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01 May 2013 Don't bother about it. It will not create any problem to you. Deposit your TDS return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2013 Agree with learned expert. It is not an issue you can still validate your return without error and file TDS return. Just enter the challan details and show actual deductees against the challan.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2013 http://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

Also Check out the Challan Correction Mechanism from above link.