Wrong section tds

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neha (Querist)
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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??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 September 2014 Check out the challan correction mechanism from below link---
https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

neha

neha (Querist)
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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??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

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