ASESSEE IS PVT LTD COMPANY. IT HAS DEDUCTED TDS AND PAID ON ESTIMATED BASIS. WRONGLY HE PAID TDS UNDER SECTION 192B OF RS 100000/-. CAN THE COMPANY ADJUST THE SAID AMOUNT AGAINST ANY OTHER SECTIONS i.e. 194C, 194J? If YES HOW?
06 January 2011
You can write a letter to your TDS AO for correction in challan data along with a copy of the said challan.
Required Format:
Date :..........
To The ITO Ward.57 (3), TDS, Kolkata 10B, Middleton Row Kolkata – 700 071
Sub: Request for Correction and/or rectification of Section in TDS challan.
Sir,
This is to inform you that we had deposited TDS of 1000/- (One Thousand Only) u/s 192B pertaining to the month of April’2010 but at the time of payment of the said amount the section was wrongly selected as sec 192B instead sec 194J.
We therefore request you to kindly make the necessary correction in your records. We are also enclosing a photocopy of the said challan.
CAclubindia
