Intimation u/s 154 of the income tax act, 1961

This query is : Resolved

Sahitya Bera (Querist)
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08 January 2014 We have received an Intimation U/S 154 with the demand raised due to short deduction, Interest on Short payment and late filing Fees U/S234E.

Short deduction Rs.486/- (contain various client U/S 194C short deduction amount, total of which shows Rs.486)
Additional late payment interest against processing of latest correction Rs.2556/-
Interest on short deduction Rs.75/-
TOTAL of which is Rs.3117/-

We have paid Rs.3117/-, while making online e-TDS payment through Bank site, we have taken short deduction Rs.486/- under head “OTHERS” and Interest Rs.2556 + Rs.75 = Rs.2631/- under head “INTEREST”.

Also, while preparing for filing revise e-TDS return through our Software “Winman TDS” , we have incorporated all the above details in Challan window, showing Short deduction Rs.486/- under “Other amount” and Interest Rs.2631/- under “Interest” and Deduction windows left blank.

Is everything is correctly filed by us??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 January 2014 where is the late fees - Rs 2556?? is yes, then it should have been shown in the Fee column.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 January 2014 with regards to deduction sheet, you need to provide for the short deductions made earlier and respective amount paid against each such deduction here.

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