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Clarification on tds notices

Maruthi (Tds Returns Preparer) (207 Points)

03 March 2012

Received demand u/s 156 of the I.T.Act to pay the interest on late payment of TDS for the F.Y.2008-09.

But actual TDS paid on 29.04.2009 against the credits made on "31.03.2009" (i.e. last date to pay the tds is 31.05.2009), So no interest shall be paid. Eventhough receiving the demands u/s 156. So, which is the procedure to solve these type of issues.

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4 Replies

Vineet Goyal (Assistant Manager - Finance & Accounts) (702 Points)
Replied 03 March 2012

Just reply with your clarifications on the letter head and attach the copy of default generated online.

Maruthi (Tds Returns Preparer) (207 Points)
Replied 05 March 2012

Originally posted by : Vineet Goyal
	Just reply with your clarifications on the letter head and attach the copy of default generated online.

eventhough, those replies given several times, again receiving the same notice along with a PRINTED CHALLAN to pay the INTEREST.

Kanwal_no1 (CA Practice ) (44 Points)
Replied 09 March 2012

Dear Maruthi, If the entry made on 31.03.2009 is just a credit entry, then the Flag in the column "Paid by Book Entry or otherwise" Should be "Yes", which shows that it is just a credit entry, otherwise the system treats it as an entry for which the amount also has been paid as on 31.03.2009. In other words if the Flag is "No", then it is not treated as a PROVISIONAL entry. It is due to ignorance asmost people even don't pay attention to this column. You need to file a revised return for such changes. Do remember that if any amount has ACTUALLY been PAID on 31.03.2009, then it will not be treated as PROVISIONAL entry. Entries for which payment has been made after 31.03.2009 can be treated as provisional.

Regards

CA Kanwaljit Singh Dhunna

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Maruthi (Tds Returns Preparer) (207 Points)
Replied 10 March 2012

Originally posted by : Kanwal_no1

Thank you sir for your valuable guidence, as you said many people are not attention to enter the option "Book entry" or other, me also had not been given attention to that, anyhow i will look after it once again.

Thank you sir again,

Regards