Dear All,
Our company deposited Rs.1,20,000/- as tds under section 194A.But while filing the return we found that there is a error in calculation and we paid Rs.5,000/- extra.So, Please guide me how shall I file the return.
Mahesh Babu (Business) (37 Points)
26 May 2011Dear All,
Our company deposited Rs.1,20,000/- as tds under section 194A.But while filing the return we found that there is a error in calculation and we paid Rs.5,000/- extra.So, Please guide me how shall I file the return.
Dhawal Mohnot
(Practicing)
(449 Points)
Replied 26 May 2011
you must have credited that amount against the PAN of the deductee. Explain the same to the deductee, and ask him to pay the excess amount credited against his PAN. Since the excess amount so credited would be claimed by him in his return.
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