Wrong Section code for tds Payment

This query is : Resolved

rakesh (Querist)
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24 April 2009 Dear All,

Please let me know that, I had made mistake while filling challan for tds payment Ie instdead of 92B i HAVE QUOTED 94J.

cAN IT BE CORRECTED NOW PLEASE LET ME KNOW.

Thanks in advance

Shyam Lal Naik

Shyam Lal Naik (Expert)
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24 April 2009 The only solution is to apply the assessing officer(TDS) to carry out the required rectification.

Keep the acknowledged copy with you.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 April 2009 You can file the revise copy and take it into the notice of concern AO.

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rakesh

rakesh (Querist)
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24 April 2009 A big big thanks guys

jasmine

jasmine (Expert)
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05 May 2009 You can ignore and take no action.But I have not done practical of this yet.So my suggestion to you go far Etds return with section 192B and issue certificate (form 16A) to deductee as there is no remedial action suggested by the department.If any problem arises at later stage then you can explain it as there is no malafide intention.The main problem in this action is as per new Income tax rules that Due tax credit to the deductee can be denied if etds return does not matched with the Bank data.
Further deposit in incorrect section ,if this error is added in the error List at later stage ,power to correct the same will be given to Assessing officer.