Correcting TDS Payment Discrepancy in Form 26QC and Updating Form 16C
Abdul Wasi (8 Points)
23 May 2024I need some help with an issue related to Form 26QC and TDS payment on rent. Initially, I entered the rent amount incorrectly, which resulted in a lower TDS being paid. I submitted a correction to update the rent amount, and now the corrected rent amount is showing, but the TDS amount is still the old, incorrect one.
My questions are:
1. How do I pay the remaining TDS amount that is due? Is there a specific challan or process for this additional payment?
2. How can I update Form 16C to reflect the correct TDS amount after making this additional payment? Are there any steps or documentation I need to follow to ensure Form 16C is accurate?
3. Are there any penalties or compliance issues I need to be aware of due to this correction and additional payment? What can I do to avoid or mitigate any penalties?
Any guidance or advice on this would be greatly appreciated!
Thanks in advance!