Intimation received for short deduction in tds

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This query is : Resolved

Majhar Alam (Querist)

18 October 2012 Dear Sir/Madam,

I have received an intimation from ITO (TDS)u/s 200A of IT Act 1961. Where it is mentioned that there was a short deduction of Rs. 10450/- & interest thereon Rs.2090/-.

This short Deductions are genuine. Now I have to deposit the respective amount but the proble is this short deduction are under two section i.e

Rs.5450.00 for 194J
Rs.5000.00 for 194C

& interest too

Rs. 1090.00 for 194J
Rs. 1000.00 for 194C

whether I have to deposit two diff. challan.

If yes then Whether I have to give deductee details also in Correction Return.

Please reply in full details.

Sanket Shah

Sanket Shah (Expert)

18 October 2012 Yes. you will have to deposit the said amount in 2 diff challans and details of same needs to given in correction statement.

Message likes : 1 times

Majhar Alam

Majhar Alam (Querist)

18 October 2012 Thanks sir,

But the next problem come to me is that i have already shown the amt paid/credited in full in original statement.Explained

Original Statement:

Sec.194J Party - Amt Paid - 104500.00 tds-5000.00
So there is a short deduction of Rs. 5450.00.

But in correction statement whether deductees details will be shown as follows

194J New Challan - Party - AmtPaid/credited- 0 TDS - Rs.5450.00 interest Rs.1090.00

Or,

I have to update old challan the amt. Paid or credited from 104500.00 to Rs. 50000.00 TDS - 5000.00 and

New Challan Amt Paid/ Credited - 54500.00 TDS - 5450.00 Interest Rs. 1090.00.

Please reply how to fill the details.

Thanking You

Sanket Shah

Sanket Shah (Expert)

18 October 2012 U can show in either way. In first case, amount paid/credited as 0 may not be accepted. you will have to show some token amount may be Re.1/-.

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