Tds wrong filing
This query is : Resolved
Daya Patankar
(Querist)
28 April 2015
filing of tds in wrong section. eg instead of filing in 94C filed in 94H
CA MANOJ GUPTA
(Expert)
29 April 2015
if its in challlan no problem. if in return file correction stt
29 April 2015
No issues if TDS deposited under wrong section.
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
If there is a mistake in TDS return then same need to be corrected by submitting correction statement.
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
If there is a mistake in TDS return then same need to be corrected by submitting correction statement.
29 April 2015
YOU SHOULD FILE A REVISED RETURN. HOWEVER, DEDUCTEE WILL GET THE CREDIT IN SPITE OF THIS TYPOGRAPHICAL ERROR . THRERE IS NO TIME LIMIT FOR FILING REVISED RETURN.
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