Tds deposited under different section.

This query is : Resolved

HITENDER (Querist)
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26 June 2013 Hi,

We have deducted TDS under section 194J but wrongly deposited amount with challan under section 194C in May'13. I want to know is it possible to show that amount under section 194J from 194C? and what is the procedure for that.

Thanks in Advance.

Sanket

Sanket (Expert)
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26 June 2013 Under OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name. The other errors can be corrected only by the assessing officers.

The changes can be made by the banks, subject to following conditions:

Correction in Name is not permitted.
Any combination of correction of Minor Head and Assessment Year together is not allowed.
PAN/TAN correction will be allowed only when the name in the challan matches with the name as per the new PAN/TAN.
The change of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Govt. Account.
For a single challan, correction is allowed only once. However, where 1st correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields.
There will be no partial acceptance of change correction request, i.e. either all the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test.

HITENDER

HITENDER (Querist)
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29 June 2013 Hi Sanket,

Thanks for the reply, but i have one more query like if challan amount of 1 lac deposited under section 194C out of which 20 k relates to 194J. Is it possible for Bank or Assesing officer to bifurcate that challan.

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