Wrong selection of tds section
This query is : Resolved
27 January 2016
Good Morning sir/madam,
In f.y.2014-15 for the first quarter, tds was deducted u/s 194c at the rate of 1%.
but at the time of filling statement of 26Q, in hurry section 193 was selected which requires that tds should be deducted at the rate of 10%..
Now, department raised demand of difference amt. between 1% and 10% giving reason of short deduction and inteerest on short deduction..
what should i do now and how to solve this demand/querry..please help.
In f.y.2014-15 for the first quarter, tds was deducted u/s 194c at the rate of 1%.
but at the time of filling statement of 26Q, in hurry section 193 was selected which requires that tds should be deducted at the rate of 10%..
Now, department raised demand of difference amt. between 1% and 10% giving reason of short deduction and inteerest on short deduction..
what should i do now and how to solve this demand/querry..please help.
27 January 2016
You can file correction statement and rectify mistake
27 January 2016
but sir...how to file correction statement that i don't know...can u guide me?
28 January 2016
Refer below E-tutorial
Add Modify Deductee Detail
https://contents.tdscpc.gov.in/docs/E-tutorial%20-Online%20Correction-%20Add%20&%20Modify%20Deductee%20Detail.pdf
Likewise you can understand all about tds returns and etc,via following e-tutorials in tdscpc website,follow them,
https://contents.tdscpc.gov.in/en/e-tutorial-deductor.html#
Add Modify Deductee Detail
https://contents.tdscpc.gov.in/docs/E-tutorial%20-Online%20Correction-%20Add%20&%20Modify%20Deductee%20Detail.pdf
Likewise you can understand all about tds returns and etc,via following e-tutorials in tdscpc website,follow them,
https://contents.tdscpc.gov.in/en/e-tutorial-deductor.html#
28 January 2016
Thank you sir for this tutorial...I was also searching for video nd not only procedures..
29 January 2016
Okay do search in youtube you may get it if anybody uploaded.but this etutorial is selfexplanatory and no need of any vedio
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