Intimation under Section 200A/206CB of the Income Tax Act 1961
This query is : Resolved
31 August 2025
short deduction/collection amount is rs 346325 and intrest is 13844
31 August 2025
R.s 346,325: Tax short deducted or collected (the actual defaulted amount).
Rs 13,844: Interest levied for delayed deduction/collection, in compliance with Indian tax law.
Both amounts must be paid to resolve the default and avoid further penalties.
Short deduction/collection means the amount of tax deducted (TDS) or collected (TCS) by the deductor/collector is less than the amount prescribed by the law for a specific transaction or payment.
Common reasons include quoting wrong rates, certificates, or errors in calculations. It results in a default where the deductor/collector must now pay the shortfall along with interest.
Rs 13,844: Interest levied for delayed deduction/collection, in compliance with Indian tax law.
Both amounts must be paid to resolve the default and avoid further penalties.
Short deduction/collection means the amount of tax deducted (TDS) or collected (TCS) by the deductor/collector is less than the amount prescribed by the law for a specific transaction or payment.
Common reasons include quoting wrong rates, certificates, or errors in calculations. It results in a default where the deductor/collector must now pay the shortfall along with interest.
21 September 2025
Good luck....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- Insurance make against any item and later get insurance claim received
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Cgst asmt - 10
- ITR-U for AY21-22
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Surcharge applicability on LTCG loss
- E-Invoice applicability related question
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
