Wrong selection of tds section
This query is : Resolved
Monika Agrawal
(Querist)
27 January 2016
Good Morning sir/madam,
In f.y.2014-15 for the first quarter, tds was deducted u/s 194c at the rate of 1%.
but at the time of filling statement of 26Q, in hurry section 193 was selected which requires that tds should be deducted at the rate of 10%..
Now, department raised demand of difference amt. between 1% and 10% giving reason of short deduction and inteerest on short deduction..
what should i do now and how to solve this demand/querry..please help.
In f.y.2014-15 for the first quarter, tds was deducted u/s 194c at the rate of 1%.
but at the time of filling statement of 26Q, in hurry section 193 was selected which requires that tds should be deducted at the rate of 10%..
Now, department raised demand of difference amt. between 1% and 10% giving reason of short deduction and inteerest on short deduction..
what should i do now and how to solve this demand/querry..please help.
Ganeshbabu K
(Expert)
27 January 2016
You can file correction statement and rectify mistake
Monika Agrawal
(Querist)
27 January 2016
but sir...how to file correction statement that i don't know...can u guide me?
Ganeshbabu K
(Expert)
28 January 2016
Refer below E-tutorial
Add Modify Deductee Detail
https://contents.tdscpc.gov.in/docs/E-tutorial%20-Online%20Correction-%20Add%20&%20Modify%20Deductee%20Detail.pdf
Likewise you can understand all about tds returns and etc,via following e-tutorials in tdscpc website,follow them,
https://contents.tdscpc.gov.in/en/e-tutorial-deductor.html#
Add Modify Deductee Detail
https://contents.tdscpc.gov.in/docs/E-tutorial%20-Online%20Correction-%20Add%20&%20Modify%20Deductee%20Detail.pdf
Likewise you can understand all about tds returns and etc,via following e-tutorials in tdscpc website,follow them,
https://contents.tdscpc.gov.in/en/e-tutorial-deductor.html#
Monika Agrawal
(Querist)
28 January 2016
Thank you sir for this tutorial...I was also searching for video nd not only procedures..
Ganeshbabu K
(Expert)
29 January 2016
Okay do search in youtube you may get it if anybody uploaded.but this etutorial is selfexplanatory and no need of any vedio
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Missed uploading GST Invoice
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
