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I have deducted TDs 2% under 94C company but when I deposited through online payment I marked it as deductee non company by mistake. I want to know whether it can create any problem or not
Replies (2)
yes for sure, this is considered as misleading information as well well as wrong tax bracket criteria, as far as my thinking is concerned is the deductee is a comapany TDS rate should be 10% under 194C, hence it is advisable to use this tds challan for any other similar amount payment as there is no restriction regarding the section under which it is paid and make a new challan for that particular transaction with tds rate of 10%. you cal also claim for refund of the challan wrongly paid.
But as per my knowledge TDs rate is 2% for company and 1% for non company
Can I settle my challan of non company deductee against company deductee under section 94 c
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