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194C TDS filed for Higher Amount

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Ram

98 Points Posted on 18 November 2020

Can someone please clarify

Client was deducting 1% TDS under 194C for a recurring payment. But due to some discrepancy while total annual payment was for 2 lakh (so TDS is 2000/-) Tds as per form 26a was done for 2.4 lakh (so TDS filed was 2400/-). What should be done in this situation?

Thank You.

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Quick Summary

A client deducted 1% TDS under Section 194C on a recurring payment, amounting to Rs. 2,000 for an annual total of Rs. 2 lakh. However, they mistakenly filed the TDS for Rs. 2.4 lakh, resulting in a filed TDS of Rs. 2,400. The user is seeking clarification on how to address this discrepancy, specifically asking if the payment amount in Form 26Q can be reduced while keeping the TDS amount the same.