28 March 2017
Assessee company short deducted & Paid TDS on salaries for few employees. TRACES has sent demand notice for the short deduction & shown as default demand payable. My query is if respective individual has filed their income tax return after making the payment of balance tax liability, whether that can be shown as proof to TRACES Authority & default can be withdrawn by TRACES as the tax has been ultimately paid to the TAX Department ??
Is this option available? If not could anyone please suggest what is the option available for rectification ?
28 March 2017
Yes this option is available. CA certificate is required see the link. http://taxguru.in/income-tax/format-ca-certificate-furnish-case-failure-deduct-tds-tcs.html
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