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Tds deposited under wrong section


Imran Ahmad (Working on GST with HLL & Castrol Distributor )     29 March 2018

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
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I have deposited TDS online. During payment i have made a mistake. I have chooes Section 94A instead of 94C.

How can i rectify this.

With Regards 

Imran Ahmed

1 Like
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Langesh Siva (Accounts Manager)     29 March 2018

Langesh Siva
Accounts Manager 
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Hi,

One must enter all challan details properly. If the return is rejected due to wrong or mismatch details then one must revise the respective return with correct details and file again

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Langesh Siva (Accounts Manager)     29 March 2018

Langesh Siva
Accounts Manager 
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If paid wrongly within a day conduct the bank they will change 

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Ajay Kumar Maggidi (Manager - Finance & Accounts)     29 March 2018

Ajay Kumar Maggidi
Manager - Finance & Accounts 
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Hi Imran, We cannot rectify once we deposited. you can use it for further

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Pawan (CA Final)     29 March 2018

Pawan
CA Final 
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As per Circular No. E/257 dated 12th September 2014, Section quoted in Challan, at the time of depositing Tax deducted/ collected is irrelevant for the purpose of consumption in TDS Statement. Applicable from FY 2013-14. 

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CA Nitin K. Varshney (CA- Practice)     29 March 2018

CA Nitin K. Varshney
CA- Practice 
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hi imran. no need to be panic. as u hv paid it online, make a letter for jurisdictional ito tds for mentioning ur query. he has the power to modify any head of challan.
in case of manual challan at bank counter, u cn modify from bank within one day. thereafter the above process will be done.

Jatin (B.Com)     29 March 2018

Jatin
B.Com 
 20 likes  473 points

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please login traces website, you can easily change section under statement tab (challan correction)

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Vinaya Kumara K H (Accounts Executive)     30 March 2018

Vinaya Kumara K H
Accounts Executive 
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NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN.

The fields that can be corrected by the Taxpayer through Bank are tabulated below

Sl. No. Type of Correction on Challan Period for correction request (in days)
1 PAN/TAN Within 7 days from challan deposit date
2 Assessment Year Within 7 days from challan deposit date
3 Total Amount Within 7 days from challan deposit date
4 Major Head Within 3 months from challan deposit date
5 Minor Head Within 3 months from challan deposit date
6 Nature of Payment Within 3 months from challan deposit date

Note :

  1. Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011.
  2. Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
  3. For challans with challan deposit date from September 1, 2011 to September 30, 2011, the time limit for correction in TAN/PAN, Assessment Year and Amount will be within 45 days from challan deposit date.
  4. The fields that can be corrected and the entity authorized to carry out corrections on challan with deposit date less than September 1, 2011 are as below:
    Sl. No. Type of Correction on Challan Performed By
    1 PAN/TAN Assessing Officer
    2 Assessment Year Assessing Officer
    3 Major Head Assessing Officer /Bank
    4 Minor Head Assessing Officer
    5 Nature of Payment Assessing Officer
    6 Total Amount Bank
    7 Name Bank
  5. For rectifications in challans paid through online mode (internet challan) , taxpayer may contact their concerned Assessing Officer (AO) of the Income Tax Department (ITD).
  6. More details on Challan Correction Mechanism available at 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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Imran Ahmad (Working on GST with HLL & Castrol Distributor )     30 March 2018

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
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Thank you Mr CA. Nitin K. Varshney for your prompt reply. Can you give me one suggession, Such TDS can be used in Next FY. If yes pls maintion the Act where it is permitted

With Thanks & Regards

Imran Ahmed

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Imran Ahmad (Working on GST with HLL & Castrol Distributor )     30 March 2018

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
 3 likes  118 points

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How can i use such deposit.

Can it be used in Next FY


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