prosanta bordoloi (AAO) 04 October 2013
We had deducted I TAX for Rs 62922.00 @ 2% from a bill value of Rs 3146080.00 against 194c in Q4 2012-13 , but this was deposited against challan ( 194j) and return was also submitted against 194j , but the challan and return should have been against 194c , Now how can we correct the mistake ?
SIVASIVA (FCA, Future CA) 04 October 2013
you cannot do anything.
You can keep it as excess in 194I and pay again for 194C.
Later, adjust the 194I excess for any future Liability.
Do try to speak with the ITO of your org's jurisdiction
prosanta bordoloi (AAO) 05 October 2013
Actually our problem is this - We should have deposited I tax under 194J for Rs 247578.00 and Rs 287922.00 against 194C , instead of this what we did - we had deposited Rs 310500.00 against 194J and Rs 225000.00 against 194C . ( by challan)
correct amount of challan should be - against 194C ( Rs 225000.00+62922.00)= Rs 287922.00
against 194J (Rs 310500.00-62922.00)= Rs 247578.00
Now by revised return challan amount can not be changed , so correction through revised return is not possible .
vaidhee (Finance Manager) 05 October 2013
With in a weeks time we can reuqest your Banker's to do a correction - specific format is available in earlier post in CA Club.
Otherwise pl write the ITO TDS circle they will pass the order in accordance with this matter.