banner_ad

Rectification (tds on sale of property)

TDS 577 views 3 replies

I have made a online payment of TDS against my purchase of property. After making a payment i noticed that I had chosen "OTHERS" field instead of "INCOME TAX". 

I understand from TIN website / customer care that the payee bank can only modify few heads like date, PAN, assesment year, amount etc. But nothing is given about payment head. 

I want to understand the consequence of choosing wrong head i.ed "OTHERS" instead of "INCOME TAX" 

Also can someone suggest the way to rectify the mistake.

Thanks in Advance

 

Replies (3)

Dear Meghna

Since you have made an online payemnt, any correction can be made only by the Assessing Officer to whom who have to submit a letter in specified format. It cannot be done by the bank as I understand it.

Please see the follwoing link for a better idea:

https://www.bemoneyaware.com/blog/how-to-correct-challan-280/

Also, refer the attachment:

Thanks Ajay,

I still have little confusion. Assising Office of which area? Can it be subitted to any ITO in India?

 

Dear Meghna Regarding AO it is explained in that link I had sent. You have to submit to your jurisdictional AO. To find out your AO, go to incometaxefilingindia and click on KNOW YOUR JURIDICTIONAL AO link and enter your PAN. Regards Ajay


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details