Tds
This query is : Resolved
27 November 2011
we have deducted and deposited tds wrongly under sec 194a although same needs to be done under section 194c. now we have received notice u/s 201 as tds deducted was 2percent but it should be deducted at 10percent as tds shown was under section 194a in tds return. now what needs to be done?????
27 November 2011
I think you also filed the return in form 26Q with same details thats why the notice has been served. Now you have to write a letter to your TDS AO for correction of challan data along with documentary evidence and copy of challan in which you wrongly deposited u/s 194A instead of Sec 194A. After the correction you also need to revise your TDS return.
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