Friends
Recently someone has asked a problem that he has submitted his TDS return with wrong placement of Interest amount. His question in his word is given below :-
Question :-
I had filled one TDS return for the FY 2008-09 including tax & interest both & by mistake I had written the interest amount in the others column (405) in form 26Q.
Now, I had received demand notice from IT department to pay the interest which i had paid earlier with challan but not able to include in the interest (403) column.
Pl guide me how to rectify my mistake done in filling the return.
Regards,
Answer :-
The following fields can be updated through correction return after matching challan :-
- Section Code.
- Interest Amount.
- Other Amount.
In case, other fields are changed in correction TDS return after successful matching of challan, TDS return will be rejected. Therefore take care while correcting any TDS return.