Tds
Company has to deduct TDS @ 2%under commercial vehicle hiring category, but deducted wrongly 10% under rent a building. how to correct it , what is the responsibility of deductee and deducter company for this. Please Suggest.
Replies (1)
The responsibility is with the deductor. If the you had wrongly mention section at the time of payment in challan you can correct the same within 3 months through bank. Please visit the following links for details:
https://www.tin-nsdl.com/oltas/oltas-note.php
https://www.incometaxindia.gov.in/_layouts/15/dit/pages/viewer.aspx?path=https://www.incometaxindia.gov.in/documents/challan-correction-mechanism-26082011.htm?int=1&IsDlg=1
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