Re: TDS Deduction

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12 Points Posted on 18 March 2020
Is there any financial impact of deducting TDS under wrong section but the rates are same?
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On 18 March 2020 at 15:20 Report
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Quick Summary
Deducting TDS under the incorrect section, even with the same rates, can lead to temporary issues such as notices from the CPC. Fortunately, these errors can be rectified by filing a revised TDS return. Online correction facilities are available, allowing for prompt resolution of such discrepancies.

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CFO- at NHTF
58280 Points Posted on 18 March 2020
Yes.There will be temporary issues like notice from CPC ..

But you can correct it and file revised Tds return
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On 18 March 2020 at 18:04
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Chartered Accountant
12739 Points Posted on 18 March 2020

Online correction is available 

Make correction 

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On 18 March 2020 at 18:12
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12 Points Posted on 19 March 2020
So as an Auditor we can point out that error as its a financial one!!
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On 19 March 2020 at 12:13

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