Dear friends,
The accountant of a company was making TDS payment U/s 194I [rent], but he entered section on challan as 194J {Professionals].
How should he rectify the mistake while submitting TDS return?
Thanks
Nandakumar K Konkar (Partner) (246 Points)
14 November 2010Dear friends,
The accountant of a company was making TDS payment U/s 194I [rent], but he entered section on challan as 194J {Professionals].
How should he rectify the mistake while submitting TDS return?
Thanks
Mushak shareef
(eFiling Consultant)
(144 Points)
Replied 14 November 2010
Dear Nandha kumar Sir,
You can (1) request the banker to change the section code. ( Many of our club members have done this. See some Q related to your Q. (If it is (1) not possible)) (2) if it is the tds of the period from 01/10/2009 to 14/11/2010, you can use the same code while efiling the return because same rate for both sec code ie 10%. So no effect will affect the deductee as well as you.
Nandakumar K Konkar
(Partner)
(246 Points)
Replied 15 November 2010
Dear Shareef,
Thanks for your reply.
How can a bank interfere & change TDS code, because if this is allowed, it is dangerous & may lead to frauds. Once a e-payment is made, payment is credited to respective TDS code & nobody can change it.
Assuming that TDS rates are different, I am told that the assessee should first file TDS return as per payment [with the wrong section]. Later on, he should file a revised TDS return & also send letter to AO expailing the facts & requesting that payment should be treated for correct section.
Pls let me know if this is correct.
Regards
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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