I have file a return 26Q2, but due to some typical mistake, one Pan No. was wrongly typed. Income tax department send a letter for this default with short deduction with interest. I have again file correction statement after updating Pan No. But still Income tax department send a letter that since this dafualt is due to Pan Error , hence you are required to Deduct TDS at 20% instead of 10% with interest. Now I have deposited increased TDS amount with interest through challan. But when I go to prepare revised 26Q2 , i am unable to understand where I should entered this amount, because in Challan, I add it, but in Annexure when I go to add this record for deductee, it is required amount which should be greater than 0, then How could I make entry , so that this TDS could reflect into deductee income tax record.
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How to make entry in correction statement 26q2 for short dec
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Select Update option in the raw in which deductee’s details updated. Update the amount paid/credited (419) in such a way that TDS will become 20%. For Egs. Amount Paid – 10,000/- TDS -1000/- Modify the amount paid to 5000/- Enter Balance 5000/- in the newly inserted raw in annexure.
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