07 January 2012
DEAR EXPERTS MY CLIENT HAD DEDUCTED OF TDS U/S 194 JON PROF. SERVICE.DEDUCTED TAX PAID BY CHALLAN IN THE BANK AND QURTERLY 26-Q E-FILED BY ASSESSEE.BUT THERE IS DEMAND NOTICE ISSUED BY OFFICE OF iTO (TDS) OF THIS AMOUNT AS MENTION SHORT PAYMENT AND THIS AMOUNT IS PAYABLE WITH INTEREST WHICH IS ALREADY PAID WHAT WAS REPLY OF DEMAND NOTICE RECEIVED BY ASSESSEE.
08 January 2012
Check the PAN no. in the TDS return. If that is correct, check for the code A or B against that line item in the TDS return. One the these codes is for higher deduction @ 20%. If the code is mentioned, system will calculate TDS @ 20% and hence will raise demand notice against you for balance TDS payment with interest.
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