Swapnil (Student) (35 Points)
08 January 2010If a company deducts tax of a non-company deductee and pays the same to the govt as company deductee..(i.e. wrongly mentions in the challan as company deductee)
What are the consequences?
Can it rectified?If yes what is the procedure?
Thanks
Amir
(Learner)
(4016 Points)
Replied 08 January 2010
Dear Swapnil,
I m not 100% sure but I think, U should file the quarterly return by showing "as non company deductee", certainly it would not be in agreement with ur challans so file a simple application in ur TDS ward/Circle explaining that it happens because of mistake at the time of depositing challan..
But don't wait for the depatment to send u notice asking the reasons for disagreement between return and challan..
DO IT AS WE SAY "SUO-MOTO"
CAclubindia
