TDS paid in wrong section
I live in a house owned by a PIO - US citizen.
The individual has asked me to deduct TDS on the rental income and deposit it online and provide him challan copies and returns.
I went online and made the first payment of TDS for rent under section 94-I
However as per him i needed to make TDS payment under section 195
Now i have challan of 94-I how do i get it changed to 195 - the payment was made through ICICI bank around 8 days ago.
Thank you in advance
Once you make the payment for a specific section you can't modify the challan, but no worries while filing the quarterly TDS return you can add this challan to deduction u/s 195 and file the return, once you generate the TDS certificate or in your owners 26AS it would reflect 195.
Prime Peers Professional Advisors
Contact @ firstname.lastname@example.org/ +919742272797