Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2015 Sir,
while payment of TDS amount has been paid inadvertently and erroneously in wrong section what should i do.

please reply

it's urgent

thanks in advance

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Querist)
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17 March 2015 Please refer challan correction mechanism available in TIN NSDL site.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 March 2015 Do not worry for same. What you have to do is mention correct section number in deductee sheet. As per new rules TDSCPC doesnt match challan section code. What it matches is section code written in deductee sheet with rate of TDS deducted. Suppose if u mention section code 194C then rate of TDS must be 2 percent or 1 percent as the case may be and if u would mention 194J then rate of TDS must be 10 percent .

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