Wrongly deducted TDS for 194C instead of 194Q

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Accountant
78 Points Posted on 17 December 2022
Wrongly deducted TDS for one head of account to another head of account.

194Q is correct but deducted 194C.

It's possible to adjust.
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On 17 December 2022 at 00:04 Report
Replies (8)
Quick Summary
This discussion addresses an incorrect TDS deduction where Section 194C was applied instead of the correct Section 194Q. It confirms that this error can be rectified. The recommended solution involves correcting the OLTAS challan via TRACES, which allows for online modification of the section. This process bypasses the need for a rectification statement and allows for adjustment of any excess TDS in the subsequent quarter.

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Assistant
719 Points Posted on 17 December 2022
Yes can be adjusted.
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On 17 December 2022 at 07:50
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Tax consultant
552 Points Posted on 17 December 2022
Both sections rates are different.
file correction statement
adjust excess if any in next quarter.
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On 17 December 2022 at 10:28
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CFO- at NHTF
58280 Points Posted on 17 December 2022
@ D. Krishna ,

You can place a OLTAS challan correction from traces.

Section can be modified
8 Reply
On 17 December 2022 at 15:24
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Accountant
78 Points Posted on 17 December 2022
Thank you all sir's for your support and valuable information
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On 17 December 2022 at 17:02
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CFO- at NHTF
58280 Points Posted on 17 December 2022
🌹🌹👍🏻
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On 17 December 2022 at 17:05
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Profession
28261 Points Posted on 18 December 2022
After rectification again rectification of otlas challan
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On 18 December 2022 at 09:43
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CFO- at NHTF
58280 Points Posted on 18 December 2022
OLTAS challan correction from traces can rectify the section online
8 Reply
On 18 December 2022 at 19:55
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CFO- at NHTF
58280 Points Posted on 19 December 2022
Rectification statement is not required
8 Reply
On 19 December 2022 at 16:32

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