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tds deposit under wrong head

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2010 i am working in central govt. PSU and looking after Taxation work. tax audit was conducted recently from F.Y. 2007-08.
there was mistake regarding deduction TDS on hiring of cars u/s 194I instead u/s 194C. TDS certificate issued and TDS return submitted with u/s 194I. what should i do now.since matter pertain to f.y. 2007-08, can it be ignored

03 May 2010 You said TDS deducted in wrong section.

There should not be any objection unless you pay such amount to govt. & issue higher amount tds certificate to concern person.

03 May 2010 AGREE WITH EXPERTS VIEW




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