Transfer of amount
This query is : Resolved
30 March 2018
Sir, I am a tax deductor and I have received a demand under section 234E for late filing of TDS pertaining to my predecessor's period.
After checking in Traces I found that he had paid the amount through challan but it was not consumed yet as it was credited as INTEREST, whereas the amount was to be shown under LEVY.
So kindly suggest how can I close the demand by utilising the amount paid under Interest through Traces?
Can I correct the challan through OLTAS challan correction as it was deposited more than 6 months earlier but not consumed yet.
What is the last alternative to fix the problem if it cant be fixed through above two ways, please.
After checking in Traces I found that he had paid the amount through challan but it was not consumed yet as it was credited as INTEREST, whereas the amount was to be shown under LEVY.
So kindly suggest how can I close the demand by utilising the amount paid under Interest through Traces?
Can I correct the challan through OLTAS challan correction as it was deposited more than 6 months earlier but not consumed yet.
What is the last alternative to fix the problem if it cant be fixed through above two ways, please.
CA Suresh Jain
(Expert)
30 March 2018
Give a reply to the notice you received stating all the facts correctly with a request to adjust the amount against the Penalty.
30 March 2018
Sir thanks for response, but I have not received any notice from CPC/TDS but there is demand showing under dashboard of traces and it also populate every time I log in to Traces.
So can I make request even then ?
So can I make request even then ?
Dhirajlal Rambhia
(Expert)
16 November 2021
I think you need to pay the interest & close the demand.
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