Incorrect justification report

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This query is : Resolved

T.R.KUMARAN

T.R.KUMARAN (Querist)

24 May 2014 Dear Sir

After filing of the revised etds return, I have downloaded the Justification report file for the quarter ended 30.09.2008 and it shows that short deduction and i have checked the same in the Justification report file and i found that 20% tax is due for non-companies for section 194A.

But, as per section 194A of the income-tax Act 1961, tds rate is 10% for non companies for the financial year 2008-09. So, TRACES has raised the incorrect short tds demand.

Please guide me on this and how to resolve this issue.

Thanks

Kumar.

Rupesh Jain

Rupesh Jain (Expert)

24 May 2014 pls check your revised return process or not.

after that you download the justification report.

T.R.KUMARAN

T.R.KUMARAN (Querist)

24 May 2014 Dear Sir,

Many thanks for your reply.

Before filing the revised etds return for the quarter ended 30.09.2008, there was no demand for short deduction.

I have checked the revised returns status and it shows that "Processed with defaults".

The short deduction demand has raised only the after filing of the revised etds return.

In the Justification report file (which is downloaded after revised return filed), Tds Rate shows 20% (u/s.194A) for non-corporate deductees. But, actual rate was 10% as per section 194A of the Income Tax Act 1961 for the non-corporate dedcutees.

I have mailed the abovesaid issues to TDSCPC - contactus@tdscpc.gov.in and i got reply from that and they have asked me to pay the short deduction demand.

Please let me know what is the tds rate for non-corporate deductees as per section 194A for the financial year 2008-09.

Also help me, how to resolve this issue.

Thanks

Kumar.

Rupesh Jain

Rupesh Jain (Expert)

24 May 2014 PLS CHECK THE PAN OF DEDUCTEE IT may possible that deductee PAN is wrong.
TRACE demand the 20% TAX on wrong PAN

T.R.KUMARAN

T.R.KUMARAN (Querist)

24 May 2014 Dear Sir,

I have checked the PAN Number of all deductees in short deduction list and have found that all the PAN Numbers are valid and also found the short deduction demand raised for only for Partnership Deductees.

So, please let me know the tds rate as per section 194A of the Income Tax Act, 1961 for the financial year 2008-09 for non-corporate deductee. Please help me how to resolve this issue.

Thanks

Kumar.