TDS Payment made in wrong A.Y.

TDS 764 views 4 replies

Raju Murlidhar Kundaram

accounts executive

72 Points Joined September 2009

Dear all,

I had to make payment for TDS on Rent in A.Y.2011-2012, But by mistake I made this payment in A.Y.2010-2011 while making payment by online

Now I want change this period of payment, what should I do ? Where this payment will effect ?

Replies (4)

Deepak Tapse

Accounts Manager - Taxation

1771 Points Joined April 2009

You can intimate your Assessing Officer and correct the same.

Ram Avtar Singh

Nagari Sultanpur U.P.Delhi

15208 Points Joined March 2007

NSDL receives tax collection data as uploaded by the bank. It is not authorized to carry out any changes in the data sent by the bank to TIN.

The fields that can be corrected and the entity authorized to carry out corrections are as below:

Sl. No.	Type of Correction on Challan	Performed By
1	PAN/TAN	Assessing Officer
2	Assessment Year	Assessing Officer
3	Major Head	Assessing Officer /Bank
4	Minor Head	Assessing Officer
5	Nature of Payment	Assessing Officer
6	Total Amount	Bank
7	Name	Bank

Thus application should be made for correction to the A.O or Bank in case of any mistake in Income Tax/TDS Challan depending upon the type of correction as mentioned above.