Dear Members,
I have deducted a sum of Rs. 331/- under TDS Professional non-company (194 J). But by mistakes I have deposited Rs.2071/- into bank under TDS contract non -company (194 C) along with other deductions of TDS contract.
Can any one advice me how to rectify this fault ? Also I have to prepare the quarterly return. How I have to show in the return?
Thankz & Regards,
Sugumar
You Can go to bank and give them application regarding mistake of the "code" and request them to rectify.
if Rs.2071/- deposited in bank (with seperate challan) than they can change this,
;)
It appears here that Sugumar wants only the amount of Rs 331 to be rectified. Is it possible to apply to the bank?
In my view there are three options available:
1. You may issue the certificate u/s. 194C deducting 10 percent. This is the best option.
2. file the return under the correct head and simultaneously write to your tds assessing officer, intimating him about the mistake in challan.
3. treat the 331 as excess paid u/s 194C and adjust it against some other 194C payment. For 194J there would thus be a shortfall, pay it off with interest if any.
Dear Sugumar, This issue is little bit tough but can be adjustable. when you remitted the amount which deducted under two codes (94C & 94J) in one challan wont be accepted by the matching system of NSDL. According to my knowledge level You cannot change the challan code. When you remitted for both code in one challan if you change for one another will be affected. You may give the F16A to the professional for the amount of which you paid at rate of 10%. There is no problem will arise. While you efiling you may show as 94C insteadof 94J with the same amount which deducted for them as 94J. System will accept if you put higher amount for lower rate. System will serve notice when you put lower amt to higher rate. No problem for your issue. further clarification call me 09865689156.
Naveen Fintech Pvt Ltd
Kolkata
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