Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2014 dear sir,
our customer gave us exemption certificate us/ 197J @0.55% for the year 2013-14. but we deducted & paid payment to govt.u/s 194 C @0.55% & return filled also. Now we got notice from IT dept for short deduction. Please tell me solution.

Ganeshbabu K

Ganeshbabu K (Expert)
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28 July 2014 In my opinion department may be correct
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entries relating to 197 is required to be entered against TAG "B"
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vide ammended rule 31A through notification 16/2011 dated 29.03.2011 which will be effective from 01.04.2011
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refer my article
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp#.U9ZWH_mSx1Y
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U check whether you have filed return by taging against TAG"B" and i have seen that 197 certficate is required to be validated in traces,,login and see