TDS - Change in Deductee's status
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2010
A person was considered as Professional for 3 qtrs in FY 2009-10 and TDS u/s 194J was deducted, paid under challan and included in relevant Form 26Q of the quarters. In last quarter his staus was corrected to Employee and tax recalulated for the whole year and balance tax deducted u/s 192 and included in correponding Form 24q of 4th qtr. He will be filing the return as Salaried person.
1. How to transfer qtrly information for Qtr 1 to Qtr 3 from Form 26Q to Form 24Q,he being only one of the hundreds of professionals included in corresponding 9 challans for the 3 qtrs?
2. How are qtrly TDS returns to be revised?
3. If revision in qtrly returns is not possible, what is the remedy?
1. How to transfer qtrly information for Qtr 1 to Qtr 3 from Form 26Q to Form 24Q,he being only one of the hundreds of professionals included in corresponding 9 challans for the 3 qtrs?
2. How are qtrly TDS returns to be revised?
3. If revision in qtrly returns is not possible, what is the remedy?
04 August 2010
Then You will have to revise both 24Q & 26Q for all three quarters
You will have to remove deductee from 26Q and add employee in 24Q. But best way out is give him form 16A for 1st three quarter and form 16for last quarter. He will get credit of TDS in both the cases.
You will have to remove deductee from 26Q and add employee in 24Q. But best way out is give him form 16A for 1st three quarter and form 16for last quarter. He will get credit of TDS in both the cases.
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