Sirs,
While filing tds correction return , few challan need to be added in quarter 3 , 26q but by mistake my staff added in quater 1, 26q
Because of this, interest part of tds intimation demand coming quite high.
How to rectify same as all challans added are of date 15-10-2024 , and entry in books is 1-10-24.
Thanks :)
Identify the correct Quarter for these challans is Quarter 3.
Understand the Impact:- The incorrect filing has led to an incorrect interest calculation on the TDS intimation demand. The intrest is calculated based on the period for which the tax was not paid or was underpaid.
You need file a correction return. You should correctly allocate the challans to Quarter 3 instead of Quarter 1.
Details of Challans:- All the challans in question are dated 15-10-2024, and the entry in the books is 1-10-24. This information is crucial for filing the correction return accurately.
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
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