Remittance of tds under wrong section

436 views 2 replies

Dear Sir/Madam, Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.

Replies (2)
Originally posted by : SAURABH AGRAWAL
Dear Sir/Madam,
Is there any remedy for TDS on purchase of property which was ought to be remitted u/s 194IA by form 26QB, has been remitted u/s 194C by mistake.

It can be rectified. Kindly refer the below link;
https://www.tin-nsdl.com/oltas/oltas-note.php

As mentioned by Mayur, you may change the section as prescribed time limit,

Further, TRACES now come up with the new system, where challan deposited in one challan can be utilized in any section. However, its recommended to opt for correction in section code.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register