I have made payment to a firm of Rs.58,683 & Rs. 123757/- on 10/05/2013 & 26/06/2013 respectively. However i deducted tds @ 1% 587 & 1238 respectively (i should deduct tds @ 2%). I have deposited the tds within due time respectively. I received a demand for short deduction of tds along with interst. I deposited (1824+56 as interest) through a single challan.
My concern is how to show the deductee details in transaction sheet while preparing the tds return.
Just download conso file and in deductee details update the short deduction party row amount "paid coloum".
Further insert new row and again put deatails of short deduction party name along with short deduction amount along with amount paid and in last colum select "Y".
Dload Conso File And Change the Earlier Gross Amount of Rs. 58,683 & Rs. 123757 To Rs. 29350 & Rs. 61900 Respectively.
And
Add New Challan Of Rs. 1880 (Dont Forget To Put Rs. 56 In Interest Allocated Column)
And
In That Add Deductee As
Gross Amoubt Credited Rs. 29333& Rs. 61857
TDS Thereon Rs. 587 & Rs. 1238
Regards
CA. Kumar Ajay
cakumarajay @ hotmail.com
CA Suraj Garg & Associates
New Delhi
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