LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Easy Office

Intimation u/s 154 & 200a

KUMARASWAMY (Accountant) (73 Points)

21 November 2013

Dear Friends/ Experts

We received intimation U/s 200A & 154 from TRACES. Please tell me

Section code & challan for making payment for the following type of default?
Revised return it’s applicable after the payment done?
If any chance? will be IT dept (TDS) waived off U/s 234E late filing Fee by assessing officer?

Type of defaults

1. Short Payment

2. Interest on payments default u/s 201 (1A)/206C(7)

2(a) Interest on short payment

2(b) Interest on late payment

2(c) Additional late payment interest against the processing of latest correction

3 Interest on deduction/collection default u/s 201(1A)/206C(7)

3(a) Interest on late deduction/collection

3(b) Additional late deduction/collection interest against the processing of latest correction

4. Late Filing fee u/s 234E

4(a). Late Filing levy

4(b).Additional late filing levy against the processing of latest correction

5. Interest u/s 220(2)

Thanks & Regards

KUMARASWAMY

Reply
Follow
Share

19 Replies

Rajwant Kaur (B.com, CA Final ) (337 Points)
Replied 27 June 2014

Dear Friend,

PFA . This will help You.

Thanks & Regards

Rajwant Kaur

CA Finalist

Attached File : 210147 1331272 tds tcs default us 2011 mismatch us 200a nature remedies krishna kumar 06 05 2012.pdf downloaded: 5544 times

3 Like

Tushar Kumbhar (CA Final student) (25 Points)
Replied 13 February 2015

What is Additional late payment interest against the
processing of latest correction? (notice issued u/s 154)

Earlier there was demand of interest on late payment of TDS of Rs. 430 for Q1. I paid the same demand but after submission of correction statement with traces i got notice u/s 154 demanding to pay Rs. 540 for additional late payment interest against the processing of latest correction.

What should i do now?

Please help

Nirmala (Article Assistant) (104 Points)
Replied 19 February 2015

Even i got notice for Additional late payment interest against the processing of latest correction. Please give us solution.

Tushar Kumbhar (CA Final student) (25 Points)
Replied 19 February 2015

Dear Nirmala,

I talked with the CPC agent & the mistake i made was that i didn't Claim the amount as interest payment.

while filing the correction statement after payment of challan in respect of Int. on late payment or any other, you have to mention whether you are claiming the amount paid as a "interest" or as "others".

Once you claim & file the correction statement after 1 or 2 days the statement will be processed & the demand will be nill.

If you have any further doubts in this case you can Send PM. I hope your doubt is cleared.

ashish jain (prop) (38 Points)
Replied 27 February 2015

DEAR SIR

MY CLIENT HAVE PAID IN LAKHS WHILE SUBISSION OF ORIGINAL RETURN RETURN LATE BY 28 DAYS

PENALTY U/S 234 E IS LEVIED @ 200/- DAY RS 5600/- THE SAID IS PAID AFTER 12 MONTHS

AGAIN THE RETURNS ARE REVISED AND DEPT IS ASKING THE CLIENT TO PAY

Additional Late Filling levy against the processing of latest correction RS 3200/- + INT THEREON

PLS EXPLAIN WHAT DOES "Additional Late Filling levy against the processing of latest correction " HAVE RELVANCE IN THIS CASE.

THE AGENTS AT CPC ARE NOT ABLE TO EXPLAIN THEY SAY THE DEMAND IS COME U PAY IT AWAY

PLS EXPLAIN AND JUSTIFY

ashish jain (prop) (38 Points)
Replied 27 February 2015

DEAR SIR

MY CLIENT HAVE PAID IN LAKHS WHILE SUBISSION OF ORIGINAL RETURN RETURN LATE BY 28 DAYS

PENALTY U/S 234 E IS LEVIED @ 200/- DAY RS 5600/- THE SAID IS PAID AFTER 12 MONTHS

AGAIN THE RETURNS ARE REVISED AND DEPT IS ASKING THE CLIENT TO PAY

Additional Late Filling levy against the processing of latest correction RS 3200/- + INT THEREON

PLS EXPLAIN WHAT DOES "Additional Late Filling levy against the processing of latest correction " HAVE RELVANCE IN THIS CASE.

THE AGENTS AT CPC ARE NOT ABLE TO EXPLAIN THEY SAY THE DEMAND IS COME U PAY IT AWAY

PLS EXPLAIN AND JUSTIFY

Tushar Kumbhar (CA Final student) (25 Points)
Replied 27 February 2015

Dear ashish,

First of all, you don't have to pay penalty i.e. late filing levy u/s 234E as the petitioner has filed the case against I.T. Dep. in the kerala high court. Either you can wait or you can pay the same it's your choice.

First check the challan status on traces if its unutilised then as i explained earlier you'll have to claim the amount paid as a "others" or as a "interest" while submitting the correction statement with traces. Make the challan correction & claim the amount.

CPC agents will not help you, they will just tell you to download the Justification report.

vivek (CA Final) (296 Points)
Replied 27 February 2015

One of my friend is doctor. She has served a hospital in gurgaon from dec 13 to march 14 as a professional. She recieved 160000 and accordingly TDS has been deducted @ 10%. she had only this professional income and eligble for refund of income tax. Whether she required to maintain books of accounts u/s 44AA ? She had never worked as professional before dec 13.

Tushar Kumbhar (CA Final student) (25 Points)
Replied 28 February 2015

Dear vivek,

As your friend is doctor she comes under medical profession which is covered under the definition of specified profession.

A person engaged in the medical profession has to maintain the books of accounts specified under rule 6F if the gross receipt from such profession exceeds Rs. 1,50,000 in all the three years immediately preceding the previous year.(In case of new profession if the gross receipts of the first year are likely to exceed Rs. 1,50,000.)

Therefore, your friend has to maintain the books of accounts.

khushi (student) (21 Points)
Replied 02 March 2015

Dear All,

Having received an intimation u/s 154 read with section 200A which says amount payable for Additional Late Payment Interest against the Processing of Latest Correction.

The above is for Quarter 4 of F.Y. 12-13, i need to calculate interest on above, so from which date to which date am i reuired to calculate interest when my date of filing as per notice is 13/02/2015,and at what rate? Also on what amount am i required to calculate interest?

Kindly respond at the earliest.

Thanks & Regards.

vivek (CA Final) (296 Points)
Replied 02 March 2015

For Mr. Tushar

Can you please explain what does the mean of likely too exceed

Tushar Kumbhar (CA Final student) (25 Points)
Replied 03 March 2015

Vivek

PFA.

Attached File : 1409076 1409998 maintenance of books of account.pdf downloaded: 229 times

Tushar Kumbhar (CA Final student) (25 Points)
Replied 03 March 2015

Vivek

PFA.

Attached File : 1409076 1409998 maintenance of books of account.pdf downloaded: 226 times

n delhi (accounts manager) (30 Points)
Replied 17 December 2018

Dear Sir, I made correction statement for 24Q FY 201718 on 14/12/18. CPC Traces processed our statement and send intimation under section 154 with interest of Rs.729000/- I have already paid interest @ 18% on late payment. please inform what is the process of cancellation of heavy demand.

Anil Thakur

9999988575

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Easy Office

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings