Hi Friends,
I had a doubt, for the month Nov'12 TDS , we deducted tds u/s 194 J but we paid the amount u/s 194 C ( same amount @ 10% ), in creates problem in e-filing . How we can correct the rectify the error.????
Thank you for the replay....
Paramesh S (Finance Manager) (205 Points)
10 January 2013Hi Friends,
I had a doubt, for the month Nov'12 TDS , we deducted tds u/s 194 J but we paid the amount u/s 194 C ( same amount @ 10% ), in creates problem in e-filing . How we can correct the rectify the error.????
Thank you for the replay....
Manikanth
(Chartered Accountant)
(342 Points)
Replied 10 January 2013
If your mistake was made in challan. For details I added a Link below.Go throw ones
https://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf
Nikhil Kaushik
(Fellow CA)
(85709 Points)
Replied 12 January 2013
Paramesh,
No it doesn't create any problem as this won't result in short-deduction. However the reverse case of deducting under 194C and showing the same under 194J in the TDS return result in Demand notice by ITO-TDS.
Nevertheless, you may correct the challan as per the circular referred to by Manikanth.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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