Tds rectification
This query is : Resolved
25 April 2015
SIR,
WE HAVE PAID TDS UNDER 94C - in feb'2015( CONTRACTOR ) INSTEAD OF 94I ( OFFICE RENT ) AN AMOUNT OF RS.4500.00 FOR the period Q4.
HOW IT WILL BE RECTIFIED,PLEASE advice.
THANKS IN ADVANCE
RAMA
WE HAVE PAID TDS UNDER 94C - in feb'2015( CONTRACTOR ) INSTEAD OF 94I ( OFFICE RENT ) AN AMOUNT OF RS.4500.00 FOR the period Q4.
HOW IT WILL BE RECTIFIED,PLEASE advice.
THANKS IN ADVANCE
RAMA
25 April 2015
its just a mistake of challan na.. u need not to rectify this dear..
stil wait for some more expert views regarding this
stil wait for some more expert views regarding this
25 April 2015
No need to rectify the challan file the TDS return correctly showing appropriate sections that will do.
25 April 2015
No issues.
For Deductor’s convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances:
# Payment of Tax Deducted under different sections of the Income Tax Act, 1961
# The CPC (TDS) system gives credit of TDS against different sections of the Act, even though a specific section has been quoted in the challan.
# Example: The challan used for payment of TDS relevant to Section 192 of the Act can also be used for the purpose of reporting tax deposited under Section 194 of the Act also.
Also see below link in this regard:
https://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html
https://contents.tdscpc.gov.in/en/tdscpc-communication90.html
For Deductor’s convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances:
# Payment of Tax Deducted under different sections of the Income Tax Act, 1961
# The CPC (TDS) system gives credit of TDS against different sections of the Act, even though a specific section has been quoted in the challan.
# Example: The challan used for payment of TDS relevant to Section 192 of the Act can also be used for the purpose of reporting tax deposited under Section 194 of the Act also.
Also see below link in this regard:
https://taxguru.in/income-tax/single-tds-challan-purposesanalysis.html
https://contents.tdscpc.gov.in/en/tdscpc-communication90.html
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