swathi
Accounts Officer
[ Scorecard : 346]
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Posted On 25 January 2012 at 12:00
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One of our client received a intimation & notice for TDS under Sec.200A 156 for short deduction and late payment interest.
After verification of TDS statements client paid the amount of TDS payable as per the notice.
Now my question is whether we need to file the revised return for the same or not (or) whether we need to reply the department by written document or not
Please any one suggest me in this
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Krishna Reddy
Accounts Officer
[ Scorecard : 28]
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Posted On 25 January 2012 at 12:13
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First file the revisd return and replay to department with supporting revised acknowledgment.
Total thanks : 1 times
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valji
Accounts manager-MBA
[ Scorecard : 2078]
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Posted On 25 January 2012 at 12:19
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you have to check your return ,write letter to ITO WITH CHALLAN copy
if requred submit revise return
Total thanks : 1 times
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NEERAJ SHARMA
CA Final
[ Scorecard : 151]
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Posted On 25 January 2012 at 13:57
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FIRST U HAVE TO PAY TO TDS FOR SHORT PAYMENT..
THEN REVISE YOUR TDS RETURN ...
AND SEND A LETTER TO CONCERNED TDS COMMISSIONER WITH THE COPY OF
REVISED RETURN ACKNOWLEDGMENT
AND
TAX RECIEPT
Total thanks : 2 times
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Vineet Goyal
Finance & Accounts Executive
[ Scorecard : 504]
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Posted On 25 January 2012 at 14:04
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Total thanks : 1 times
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KORGAONKAR ASSOCIATIES
pratice
[ Scorecard : 80]
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Posted On 25 January 2012 at 18:08
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FILE ETDS CORRECTION RETURN FOR ANY SHORT PAYMENT AND SHORT DEDUCTION ONLY LATE PAYMENT INTEREST SHOULD BE PAID AND INFORM WITH SUPPORTING DOCUMENT TO TDS DEPARTMENT
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KUMUDPRAKASH DOSHI
PROPRIETOR
[ Scorecard : 21]
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Posted On 02 March 2012 at 16:53
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Our client received the TDS notice u/s200a & demand u/s156 for short payment of interest on late payment of e-tds, as per demand the client has paid the interest as demanded by the department. Now is it necessary to file revised / coreection Statement of E-TDS for the payment of late payment of Interest only
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sathikonda
Tax Consultant
[ Scorecard : 1190]
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Posted On 02 March 2012 at 23:14
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Dear All
The Intimation u/s 200A of Income-tax Act, 1961 is deemed to be an order passed under the act. Such order can be modified/rectified/amended by the Assessing Officer himself or on receipt of an application from the assessee u/s 154 of the Act. The application u/s 154 must me moved within four years from the end of the financial year in which the impugned order is passed.
On receving the application the Assessing Officer has to pass an amendment order within the six months from the end of the month in which the said application is received or he may reject the application within such time.
If no amendmend is made to the intimation passed u/s 200A the demand shall reamain in the registers of the Income-tax Department. The assessee may receive notices u/s 221(1) though he has rectified the TDS statements and paid the shortfall of the tax. This will happen because of certain administrative faults in the department.
Best Wishes
Sathikonda
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Lokendra
Accounts Officer
[ Scorecard : 21]
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Posted On 26 March 2012 at 15:49
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thanks but not clear properly
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sachin kumar rana
Assistant Manager- Taxation
[ Scorecard : 25]
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Posted On 28 March 2012 at 17:19
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Our client received the TDS notice u/s200a & demand u/s156 for short payment of interest on late payment of e-tds, as per demand the client has paid the interest as demanded by the department. again one more problem wrongly deposited challan in different section. In E-Tds return mention actual section according to deuction instead of deposited challan. so pls request with you how resolve this issue in future no nay problem facing.
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