20 March 2011
JA SHREE KRISHNA SIR I HAVE PAID INTEREST ON UMSECURED LOAN AND DEDUCTED TAX AT SOUCES. AFTER THIS I FILED MY TDS RETURN BUT BY MISTAKE OPERATOR OF NSDL IS WRITTEN TOTAL LOAN AMOUNT INSTEAD OF AMOUNT OF INTEREST AFTER THIS IT DEPT. RAISED A HUGE DEMAND AGAINST ME FOR LOW DEDUCTION OF TDS AND PASSED THE ORDER , PLEASE TELL ME WHAT IS THE REMEDY AVAILABE WITH ME, AND WHAT IS THE PROCEEDURE , WHETHER APPEAL U/S 35 SHOLD BE FILED OR MOVE A APPLIICATION U/S 154 FOR RECTIFICATION OF ORDER.WHAT IS THE PROCEEDURE AND SEND ME A SPECIMAN COPY OF APPEAL FORMAT. THANKING YOU
20 March 2011
Presume that it is a penalty order under section 271C. If it is so, appeal can be preferred under section 246A(1)n/q of the Income tax act,1961. Before the appeal is taken up for hearing,pl make sure that a corrected TDS return is filed through NSDL portal.