Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2013 Dear Members,

I deducted TDS (professional abroad @ 10%+2%+3%)while making remittance. But due to inadvertence deposited the same under the head TDS rather than different heads of TDS, Surcharge and Cess. TDS return has also been filed taking the whole amount as TDS.
This has been done for 3 quarters.
I probably may receive notice from the department for difference in rate.
Please guide how to rectify this error.
Return may be revised but how the deposit entry to be rectified.

Thanks

Hemant Kumar

Hemant Kumar (Expert)
Follow

13 March 2013 You have to make an application for correction in TDS Challan to your Assessing Officer.

Hemant Kumar

Hemant Kumar (Expert)
Follow

13 March 2013 You have to make an application for correction in TDS Challan to your Assessing Officer.

Upgrade to CAclubindia Pro. Subscribe Now!

Hemant Kumar

Hemant Kumar (Expert)
Follow

13 March 2013 You have to make an application for correction in TDS Challan to your Assessing Officer.

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2013 Thanks Hemant ji,

It suggests i have to file an application for correction in TDS challan, thereafter I have to file correction in TDS return.

Can you provide little information regarding, how to make an application for correction in challan.

Hemant Kumar

Hemant Kumar (Expert)
Follow

13 March 2013 For more details go through following link:

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