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Tax deducted at source

TDS / TCS 307 views 3 replies

Dear Sir/madam,

 

If a company or firm remits the TDS with wrong section how to revise the same?

Ex.: Rs. 100/- TDS payment made U/s. 194I instead of U/s. 194J.

 

Please advise.

 

With advance thanks 

Pradeep Kumar T V

Replies (3)

You have to co-ordinate with your company, It can be revised though TDS Return.

You no need to do anything, while doing your TDS return filing select 194 J in Annexure 1 ...

As explained above NSDL has not given such error in inconsistencies List so we can assume that such errors are being ignored by them, hence no action required. But I have not done practical of this yet.so my suggestion to you goes far Etds return with section 194J and issue certificate FORM 16A to deductee as there is no remedial action suggested by the department. If any problem arises at the later stage then you can explain it as there is no malafide intention. The main problem in this action is as per new income tax rules that Due tax credit to the deductee can be denied if etds return does not match with the Bank data.

Further deposit in incorrect section, if this error is added in the error List at a later stage, the power to correct the same will be given to Assessing officer



 


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