rahul singh (Accounts executive) (54 Points)
06 February 2016
ish kumar sharma
(Sr. Manager Accounts & Finance)
(301 Points)
Replied 06 February 2016
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.
rahul singh
(Accounts executive)
(54 Points)
Replied 07 February 2016
CAclubindia
