Jyothis (Article) (1127 Points)
07 September 2016TDS Section in ITNS 281 was incorrectly mentioned- instead of 194C , 194J was quoted .
So Will there be any mismatches in TDS return since on filing TDS return we will show it as 194C only.
Is there any method to clear, whether Bank can revise challan.
If yes, whether Date of payment also get revised & get into Late deposit.
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 07 September 2016
To rectify worngly deposit of TDS in different section then 1st option: Bank has power to rectify but with in certain specified time, as per my knowledge it is like 24hr.
Other than that Assessing power has power to rectify twice for a challan.
To rectify assesee should write a letter to income tax dept TDS ward in a standard format.
Format is like:
Date :..........
To
The ITO
Ward.xx (y), TDS, City
Address
Sub: Request for Correction and/or rectification of Section in TDS challan.
Sir,
This is to inform you that we had deducted TDS of Rs xxx/- (xx) u/s 194A pertaining to the month of Feb’2014 but at the time of online payment of the said amount the section was wrongly selected as 194I instead of 194A.
We, therefore, request you to kindly make the necessary correction in your records. We are also enclosing a photocopy of the said challan.
We regret for our inadvertent mistake.
Thanking you,
Yours faithfully,
For .................... Pvt. Ltd.
(Authorized Signatory)
Jyothis
(Article)
(1127 Points)
Replied 08 September 2016
Whether Wrong Section in challan a issue for TDS return filing
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 08 September 2016
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 09 September 2016
SIR
DO NOT ANYTHING
ONLY FILE TDS RETURN WITH THE CORRECT TDS SECTION IN WHICH YOU HAVE DEDUCTE TDS
IF WRONG SECTION WRITE IN TDS CHALLAN DO NOT WORRY ,
BUT YOUR MUST DEDUCTE AND DEPOSIT GROSS TDS AS YOU ARE LIABLE
GOOD LUCK!
CAclubindia
