Tds section wrong payment

TDS 979 views 7 replies

 

   In the monthly tds payment, as the nature of the deduction is for the company, but i have paid in the non company  -194 C, is there is any rectification to pass, or kindly advice how to show in the quarterly return.

Replies (7)

Mr Satyadeepan.

 

U can approach to Bank within the seven day's of challan payment. they can change the head of challan payment company and non company.

 

correction challan format available in webiste please search in google u will get challan correction form.

 

Details for Correction in Challan-

https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

I think that is old procedure

these days company pay TDS online

So bank can't change/rectify that.

but normally there is no problem if you paid Co in non Co and non co in Co

if you get notice then you can clarify. because you didn't violate any provision. So there will be no problem

only thing you must have deposited tds in time

For major head was mistaked. It will be corrected by the bank within 7 days from the date of receipt of correction request made. (correction Request should be made within 30 days from the challan deposited date). 

no problem in that, no notice will come from dept.

 

Dear Sathiyadeepan,

Irrespective of whether you receive a notice from Income-tax department, it is always beneficial for you to correct any mistake that is apparently known to you. 

As far as the time window available for change in Major Head - from company to non-company, it is 3 months.  You may refer to the Link given by Kulwant for the details (he has given u the right procedure).

The window of seven days is limited to change in PAN/TAN, amount and assessment year.  For other changes limit is 3 months.

 


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