Tax deducted at source

This query is : Resolved

rumy nagwaswala (Querist)
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21 December 2011 one of our assessee has deducted TDS on MICR Charges under sec 194-C for the period april to september for the financial year 2007-08 instead of sec 194- J.
Whether the expenses can be disallowed by the assessing office for that period as the TDS is not correctly deducted under that particular section.
Can he levy penalty / interest on the same even if the said TDS is deducted and paid to the government albeit under a different sub section

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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21 December 2011 no disallowance can be made under section 40(a) SEE S K Tekriwal case
However intt etc under TDS can be levied

CA MANOJ GUPTA
JODHPUR
09828510543