Tds

This query is : Resolved

amit chawan (Querist)
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22 March 2014 Sir,

In our case income tax dept sent justification report and asked to pay interest amount on late deduction of tds. But there was no late deduction by mistake but due to threshold limit not exceeded in the 2nd quarter & in 3rd quarter flag Y has been selected while submitting etds return so there is no need to pay interest on late deduction and therefore there is required to file correction statement & how defualt notice will be removed.
Please help in this case.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 March 2014 File correction return. After the correction return is accepted default will get removed.

amit chawan

amit chawan (Querist)
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24 March 2014
Sir,

But there is a need to pay interest default amount. If no need to pay interest amount then what should be shown in correction return.

Regards,

Amit

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 March 2014 If your return is also correct then simply write a reply letter stating the facts. Nothing else required to be done.

amit chawan

amit chawan (Querist)
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24 April 2014 Thank you very much!

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