A small transporter is concerned as their Form 26AS incorrectly shows TDS deduction under Section 194A, whereas previously it was under Section 194C. The deductor has applied a 10% TDS rate. The advice given is to file the Income Tax Return (ITR) and claim the TDS deduction without issue.
25 June 2022
Form 26AS shows TDS deduction US 194A while my client is small transporter and having income from 2 Trucks only. Even last year same DEDUCTOR did not deduct TDS and treat it US 194C what should we do in this case