Tds u/s 194c

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Praneetha (Querist)

31 July 2015 Dear all,

Please help me out regarding TDS issue u/s 194c,
one of my client provides the contract based service thus the companies receiving such service are paying TDS U/s 194C.
but one of the company has paid TDS in PAN of the firm instead of paying in companies own TAN, now what can be done?
how to account for it?
should the relevant tds be paid again?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

31 July 2015 you can give for correction of challan. details please check the link

https://www.tin-nsdl.com/oltas/oltas-note.php

Praneetha

Praneetha (Querist)

31 July 2015 sir but the challan is paid on june,2014,
what can be done as of now?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

31 July 2015 Now. only option is to approach your ITO and request them to correct.

Incase ITO refused, you can convert that in to your own income tax payment and claim as your tax

Praneetha

Praneetha (Querist)

31 July 2015 okay sir thank you, but what about the TDS to be deducted against the bill.
Should it be deducted again?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

31 July 2015 Yes. incase ITO not accepting the correction, you have to pay the TDS again with correct TAN number

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