TDS Excess Paid-where it can show in ETDS

Srinivas (Finance & Accounts) (107 Points)

29 December 2010  

Hi,


I have one doubt that, for example we have paid TDS of Rs.50000/- aganst sec.194C and Rs.49000/- has been adjusted against the same. In this we have paid an excess of Rs.1000/-.

While preparing ETDS I have mentioned the above transaction in Challans sheet as; in TDS(403) column Rs.49000/-, in Others(407) column 1000/-, in Amount of Tax Deposited(408) column 50000/-.

Is it right to mention the excess payment of Rs.1000/- in "Others" column...? otherwise is there any other column to mention the same....?, I didn't find it..

One of my friend told me that, if there is any penalty paid to IT Dept. that amount only has been shown in "Others" Column. Is it right....?