Order u/s 201(1) &201(1A)

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Manish Kumar (Querist)
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18 April 2011 We have recd. Order under the above sections towards short deduction of TDS for F.Y. 2008-09. On Scrutiny, we found that TAN was misquoted in our challans for Three Quarters hence the I.T. has taken the stand of Tax deducted but not paid. But in actuality it was deducted and TAN was wrongly quoted.

How do we rectify the situation. Is there any way out of Interest imposed and penalty? An early help is appreciated.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2011 Pl submit an application to the assessing officer seeking correction of TAN in the challan. Then file revised TDS returns for the respective periods. After that, communicate in writing as a reply to the order mentioning that the demand may be cancelled in view of the above rectifications.

Manish Kumar

Manish Kumar (Querist)
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18 April 2011 Thank You Sir. Please also let me know whether affidavit of any kind is necessary or an application is suffice

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2011 No need of an affidavit.

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