Re: TDS Deduction

Is there any financial impact of deducting TDS under wrong section but the rates are same?
Replies (3)
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.

Yes.There will be temporary issues like notice from CPC ..

But you can correct it and file revised Tds return

Online correction is available 

Make correction 

So as an Auditor we can point out that error as its a financial one!!

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