Dear All,
I am a whole time director of a Private Limited Company and I get remuneration. My company has deducted a bulk amount as TDS for the year 2013-2014 in May 2013. I have deposited advance tax on March 2014 on my own as balance tax which was payable for my income from other sources.
On May 2014 I have shown my advance tax as TDS for Q4 and submitted a TDS return. Which I think is not correct. I want to cancel the Q4 TDS return as the TDS CPC has issued a demand notice of the advance tax amount from me and it is to be quashed. I have filled a correction statement but no effect is given.
Please let me know what needs to be done from our end to cancel the Q4 TDS return as I have shown the advance tax amont as TDS wrongfully.
Your guidence will be highly appreciated.
Thank you.
CAclubindia
