DEPOSIT OF TDS UNDER WRONG SECTION

[S.C. WADHWA]

Dear Sir,

My client a Pvt. Ltd. company deposited tds under section 194I instead of under section 194A.

Please mention how same may be corrected. 15/01/13 is due date for furnishing of return. Please tell if I have to visit inome tax office, then where I have to go and what is the procedure. My client ward is 50(4) M. Please tell the address of Income tax office where I have to visit.

 

AI Summary

Company Incorrectly Deposits TDS Under Section 194I Instead of 194A; Seeks Guidance for Correction Procedure A private limited company mistakenly deposited TDS under section 194I instead of 194A and sought guidance on correcting this error. One respondent advised that the correct section number should be mentioned in the deductee sheet, as TDSCPC does not match the challan section code but rather the section code in the deductee sheet with the TDS rate. Another respondent inquired if there was any official circular or notification supporting this advice. The discussion involves procedural clarification rather than a visit to the tax office.