TDS--ADVANCETAX


This query is : Resolved 

15 March 2008 from my NSS withdrawal,an amt. of Rs.10000/- was deducted as TDS in JULY 2007.
my advance tax instalment due on 15 sept was paid up which was Rs 500/-or so short of 30%.
but taking into a/c the TDS amt. it works out more than 30%.
i am charged with interest u/s234(C)
is this justified?
pl.guide

15 March 2008 should i approach the ITO?

15 March 2008 10

15 March 2008 The liabilty to advance tax itself is calculated after deducting tax deducted at source. Therefore, check up your adv tax liability after TDS and see whether the figures fall within the limits. If so go far rectification of order.

15 March 2008 10


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