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Wrong tds head

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This query is : Resolved

paresh zatakia (Querist)

22 August 2011 Dear Colleagues,
A PVT. Dedcucted tds@2% u/s 194c for hiring a stall in an exhibition BY FICCI during q1 of F.Y.11.12
Actually it should have been deduced u/s 194 I
HAVING REALISED THE MISTEKE,It approached FICCI ,and FICCI said will pay diferance of 8%.
ETDS RETURN FOR q1 has already been filed, challan is showing payment @2% u/s194c.
Now will pay difference 8% u/s 194I
BUT WHAT ABOUT PAYMENT OF 2% ALREADY MADE U.S 194C?HOW TO CORRECT IT?
Regards
c.a.paresh zatakia
9833855518

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

22 August 2011 As I understand you can revise e-TDS return by showing NIL amount U/s 194C and Full amount U/s 194I. Pl. try and inform.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

22 August 2011 I have small query in this, Under section 194I also only Building & Land rent attract 10% TDS and other hiring only attract 2% TDS. so incase hiring other then building & land you can just give request for the correction of challan and revise the return

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