TDS deposited under wrong section

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A user mistakenly deposited a total of Rs. 16,000/- as TDS under section 194C, when Rs. 2,000/- should have been under 194C and Rs. 14,000/- under 194J. The advice given is to proceed with filing the TDS return correctly, as the section mentioned on the challan is not critical for the return itself. The focus should be on timely payment and accurate return filing to prevent late fees, even suggesting that minor errors like the Assessment Year can be accommodated.

DEBAPRIYA DUTTA

DEBAPRIYA DUTTA (Querist)

12 June 2020 In the month of March'20 we have to deposit amount of Rs.2,000/- as TDS under 194C & Rs.14,000/- under 194J but we deposited the entire amount, i.e. Rs.16,000/- under 194C by mistake. Preparation of return is pending but payment challan was generated. What can be done in this regard?

Regards,
Deb

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 June 2020 No problem file TDS return rightly with the challan it will be accepted.
Section mentioned in the challan will not be considered while filling TDS return.

PARAS CHHAJED

PARAS CHHAJED

(Expert)

14 June 2020 The TDS payment is important and section is not so important. Sections are meant for statistical purposes. Even if Assessment Year is mentioned wrong then you may file your return with A.Y. +/- 1 year. Go ahead and file your TDS return timely to avoid late fee.

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