NOTICE FROM TDS

This query is : Resolved

SUHAS D. PATIL (Querist)
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17 January 2011 I HAVE FILED RETURN FOR TDS (Q1...Q4) FOR THE FY 2008-09. IN THAT I HAVE APPROPRIATED ONE CHALLAN (FOR SALARY TDS) OF RS.388100/- OVER TWO QUARTERS. NOW THE NOTICE SAYS THERE IS SHORT PAYMENT OF TDS AT BOTH THE PLACES WHERE IT HAS BEEN APPROPRIATED. WHAT WILL BE THE SOLUTION ?

CA Manikandan.A.V

CA Manikandan.A.V (Expert)
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17 January 2011 File a revised statement for the two quarters, show the amount in full for the quarter in which payment is made.

If you got a notice to attend the office, it is better to attend and explain the AO the details in person.

SUHAS D. PATIL

SUHAS D. PATIL (Querist)
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18 January 2011 IF I APPROPRIATE THE CHALLAN IN THE QTR IN WHICH PAYMENT IS MADE THERE IS SITUATION OF SHORTAGE IN ONE QTR AND EXCESS IN ANOTHER QTR ?

CA Manikandan.A.V

CA Manikandan.A.V (Expert)
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19 January 2011 I can suggest you a way to file a revised return. Here you can show the full amount of the challan in each quarter statement. The excess available at the 1st quarter should be greater than the appropriation in the succeeding quarter.

In your case show the challan for Rs.388100/- in both the quarters and appropriate 1st Quarter due then keep the balance as not appropriated. In 2nd Quarter also show the same challan and appropriate due. Note the total appropriation should not exceed the Challan amount.

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