05 June 2014
I have received and intimation u/s 200A from TDS,CPC,Vaishali,Gaziabad for quarter 4 ,financial year 2013-14 over mail.For the said period we have filed TDS return on 15th May,2014.However the TDS was deposited on 01/05/2014 instead of 30/04/2014 as the bank account is in Punjab and the banks were closed in Punjab due to General elections on 30/04/2014. Now interest on late payment has been levied from date of deduction 31/03/2014 to date of deposit 01/05/2014.i.e 3 months as per the justification report downloaded from Traces . Pls suggest what remedies do we have ??can we file a rectification with TDS Luxmi nagar,new delhi as the intimation is from CPC.
05 June 2014
You cannot file rectification for failure in procedural aspects. and also it is clearly mentioned in sec. so one will have to pay penalty,however you can request to transfer your clients case to jurisdictional officer and than you may represent before him.
CAclubindia
