Section 201(1) / 206C(7)

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CMA Swarup K Chakraborty (Querist)
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29 August 2010 Dear Sir,

Recently a show cause notice for the FY 2007-08 has been served to us u/s mentioned in the subject line for non appearing of Tax credit in OLTAS.

From our records I have found that all the e-tds receipts for four quarters are available with us and it were successfully uploaded to the site by the authorised centre.

I have also checked that total tax deducted from salary of the employees are in unison with the total of four quarters e-tds returns and respective deposit challans.

In view this please inform me whether there is any default on our part for not appearing the same in OLTAS and the documents I have mentioned is enough to establish the fact of compliance from our side.
Please send me your comment within 1st September 10 so that accordingly I can prepare for the hearing.

Kindly send me a mail in my registered email id skc153@rediffmail.com.

Regards

CMA Swarup K Chakraborty

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 August 2010 The facts of the case shows that you are in order except the mismatch in OLTAS. Pl appear before the officer in the appointed day itself, with all the records to show that you are in order. Also file your submission along with copies of the documents regarding tax deduction and remittance thereon. Section 201(1) applies only when failure to deduct and pay happens,which apparently is distinguishable with your case. Like wise section 206C(7) is regarding TCS on which you have no case.

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