Tds of non resident wrongly deducted u/s 194a
This query is : Resolved
21 July 2019
In March, 2019, We made a payment of interest to non resident individual. At the time of payment TDS was deducted u/s 194A @ 10% and TDS return was filed accordingly.
After filing of TDS return, it is observed that TDS was to be deducted u/s 195 and not under section 194A.
What can be implications of this mistake?
What we can be done to rectify the mistake?
TDS Rate u/s 195 will be 30% plus cess?
Can Challan of 194A be used for paying liability u/s 195? (if rectification is done)
Can
After filing of TDS return, it is observed that TDS was to be deducted u/s 195 and not under section 194A.
What can be implications of this mistake?
What we can be done to rectify the mistake?
TDS Rate u/s 195 will be 30% plus cess?
Can Challan of 194A be used for paying liability u/s 195? (if rectification is done)
Can
21 July 2019
Challan of 194A can be used for paying liability u/s 195 (if rectification is done).
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