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TDS wrong section written

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Zain Prince

6 Points Posted on 24 May 2020

i deposited TDS under 194J
but in excel quaterly return i written wrongly 194A in deductee detail & 194J in challan detail.
so, its effect orr not

Replies (2)

Quick Summary

If you've mistakenly entered the wrong TDS section (like 194A instead of 194J) in your quarterly return, it can cause problems for both you and the deductee. The deductor may struggle with expense classification, and the deductee might incorrectly report income. Fortunately, you can revise the return online through TRACES, changing only the section number using your DSC.

DEEPANSHU SINGH

ARTICLE

137 Points Posted on 24 May 2020

Yes it will effect both the deductor as well as deductee deductor will have problem in determining the nature of expense and the auditor also find this mistake, and the deductee also have problem in head of income it will be a interest income for him rather than professional, so you should revise the return as soon as possible.