Intimation under Section 200A/206CB of the Income Tax Act 1961

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This discussion clarifies intimations under Section 200A/206CB of the Indian Income Tax Act. It highlights a principal tax shortfall of Rs 346,325 and associated interest of Rs 13,844 due to delayed TDS/TCS. Paying both amounts is crucial to resolve the default and prevent further penalties.

Umesh Singh

Umesh Singh (Querist)

31 August 2025 short deduction/collection amount is rs 346325 and intrest is 13844

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

21 September 2025 Good luck....

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