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Can anybody tell me about tds correction in details please🙏

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Pranjal Roy

33 Points Posted on 21 August 2023

like short payment, short deduction, like pan error, intimation u/s 200A about etc error please help me if anybody knows.

Replies (2)

Quick Summary

This discussion delves into the intricacies of TDS (Tax Deducted at Source) corrections, particularly addressing issues like short payments and incorrect deductions. It highlights the importance of rectifying errors such as PAN discrepancies and provides guidance on revising returns and deducting the correct TDS rate when PAN details are unavailable or invalid.

sabyasachi mukherjee

Profession

19978 Points Posted on 22 August 2023

This is not only a knowledge forum. pls post actual facts and figures.

NARENDRA

ACCOUNTS MANAGER

1041 Points Posted on 22 August 2023

( If your query about the Income tax tds ,then).By mistake if you deduct short & made payment, you will have to rectify it & revise the return. You will have to show correct pan no. while filling return. Ask to your vendor or supplier for correct pan no. if pan no. is not available or incorrect then you will have to deduct 20% TDS.& deposit the same.It may be vary depending the subject.