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
CA R SEETHARAMAN
(Expert)
21 July 2019
Challan of 194A can be used for paying liability u/s 195 (if rectification is done).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
