Tds query please help

Page no : 2

CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
Replied 30 January 2012

dear Ram Babu

How Higher Deduction Entry been Deleted

we cant delete it..

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Prakash Yadav (Chartered Accountant) (124 Points)
Replied 30 January 2012

revise your return and write a letter to tds officer

Prakash Yadav (Chartered Accountant) (124 Points)
Replied 30 January 2012

download rpu software from incometaxindia.gov.in and revise your return using your old fvu file and choose delete option for your old entry after that make a new correct entry.

Niraj Mahajan (Practising CA) (985 Points)
Replied 30 January 2012

Once the entry in Etds Return is posted under Higher Rate you cannot edit, or delete the records.

Better write a letter to ITO with all the documentation and if you have receivd a Demand notice, write a clarificatory letter to ITO stating the facts of incorrect entry in Tds return and ASK FOR NIL DEMAND NOTICE from the ITO.

Jay Chitte (Accountant) (21 Points)
Replied 30 January 2012

My employer name is Nagraj Yadav and he has his own PAN card and he runs a proprietory firm in the Name of Shree Saikrupa Infrastructure there is PAN card for his firm name what will be TDS rate applicable under construction contract

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Mukund Patel (Student) (477 Points)
Replied 30 January 2012

Jay

TDS Rate for Individual contractor is 1%.

Saravanan (Student - ) (46 Points)
Replied 30 January 2012

hi ,

ya ,. u can better revise the return ., and filed again and to intimate it to the commissioner for the wrong mistake,.you can eligible to get refund.

but before the commissioner you have to produce the documents with proper supporting documents for the correct amount to be deduct,.

Saravanan ,.

Rakesh kushwaha (Article Assistant) (23 Points)
Replied 30 January 2012

DEar friend,

AS i have understood ur query..I think it 's problem due to Softawre ..but you have PAN of all of ur deductee so its ur liability to file correct return as per rule.So i suggest to revised ur TDS as per correct statement by providing correct details in software.

ASK for TDS/TCS consolidated file and u will ask per verification .plz go through that

Best regards

Rakesh Kushwaha

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