Wrong section tds
This query is : Resolved
18 September 2014
Dear Sir
Our co has booked the exhibition stall of Rs. 150000, and deduct the TDS under section 194 C and filed the return. But actually TDS deposit under section 194 I (RENT) instead of 194 c. What should i do, submit the balance amount tds or not??Plz suggest me??
Our co has booked the exhibition stall of Rs. 150000, and deduct the TDS under section 194 C and filed the return. But actually TDS deposit under section 194 I (RENT) instead of 194 c. What should i do, submit the balance amount tds or not??Plz suggest me??
18 September 2014
Check out the challan correction mechanism from below link---
https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf
https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf
18 September 2014
Also check out this recent update issued by TDS CPC from below link-
https://contents.tdscpc.gov.in/en/tdscpc-communication69.html
https://contents.tdscpc.gov.in/en/tdscpc-communication69.html
19 September 2014
But sir our invoice amount in less than Rs 180000, than we are not liable to pay the tds under section 194 i. It should deposit the balance tax or not??
19 September 2014
You can file form 26B to claim refund.
Check the etutorial from below link--
https://contents.tdscpc.gov.in/docs/e-Tutorial%20-%20Refund.pdf
Check the etutorial from below link--
https://contents.tdscpc.gov.in/docs/e-Tutorial%20-%20Refund.pdf
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