ASHISH RAJNIKANTI RAM TIWARI (ACCOUTANT) (37 Points)
19 March 2014Dear Sirs,
We have deducted TDS on godown under section194c @ 2% and has deposited tds every month U/s 194c @ 2% only. So my point is that can it will be possible to deduct further 8% or not. If yes then let us know the interest or the late fees or both applicable. Also we have filed one half yearly tds return, can we revised again or not. Please reply us at the most earliest so that differences of tds amount can be paid in this month only.
f
ujjaishravan
(accountant)
(212 Points)
Replied 19 March 2014
did you paid rent and deduct tds but wrongly deducted under 194c?, in that case, if yes,since when started to deduct tds?
VANUKRISHNAIYAN JANAKIRAMAN
(2 Points)
Replied 02 May 2018
TDS on rent was deducted @ 10% , exceeds of Rs.1,80,000/- under 194i whereas while issuing TDS ( Form -16A) we mentioned as 194 C.
Please tell me recify the error
Rahul Prajapati
(Student)
(2282 Points)
Replied 02 May 2018
| Originally posted by : ASHISH RAJNIKANTI RAM TIWARI | ||
 |
Dear Sirs, We have deducted TDS on godown under section194c @ 2% and has deposited tds every month U/s 194c @ 2% only. So my point is that can it will be possible to deduct further 8% or not. If yes then let us know the interest or the late fees or both applicable. Also we have filed one half yearly tds return, can we revised again or not. Please reply us at the most earliest so that differences of tds amount can be paid in this month only. f |
 |
Deposit the difference amount to the credit of Central Govt. i.e; 8% and revise the required Quarter Return( change section 194I in place of 194C and claim that 8% shortgae by adding new challan to statement).
Rahul Prajapati
(Student)
(2282 Points)
Replied 02 May 2018
| Originally posted by : VANUKRISHNAIYAN JANAKIRAMAN | ||
|
TDS on rent was deducted @ 10% , exceeds of Rs.1,80,000/- under 194i whereas while issuing TDS ( Form -16A) we mentioned as 194 C. Please tell me recify the error |
|
Revise the said return change section from 194C to194I
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
