12 June 2020
In the month of March'20 we have to deposit amount of Rs.2,000/- as TDS under 194C & Rs.14,000/- under 194J but we deposited the entire amount, i.e. Rs.16,000/- under 194C by mistake. Preparation of return is pending but payment challan was generated. What can be done in this regard?
13 June 2020
No problem file TDS return rightly with the challan it will be accepted. Section mentioned in the challan will not be considered while filling TDS return.
14 June 2020
The TDS payment is important and section is not so important. Sections are meant for statistical purposes. Even if Assessment Year is mentioned wrong then you may file your return with A.Y. +/- 1 year. Go ahead and file your TDS return timely to avoid late fee.
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