06 March 2013
dear expert. we have received notice for short payment of tds, whereas we have paid to goverment tds amount exatly what we have deducted.however late payment to goverment was made so shouldn't it be a late payment case rather than short payment? further please clarify the differnce between short payment and late payment.
06 March 2013
SHORT PAYMENT- PAYMENT AMOUNT LESS THAN DEDUCTED AMOUNT LATE PAYMENT- AMOUNT PAID AFTER DUE DATE SHORT DEDUCTION- AMOUNT DEDUCTED IS LESS THAN WHAT SHOULD ACTUALLY HAVE BEEN DEDUCTED.
Please check the default and actual return filed and reply to the department accordingly.