Compliance of section 201(1)

Dear sir, my doubt is In case a deductor failed to deduct tax at source and if he pays interest as required by section 201(1)(amended), whether mere obtention of certificate in form No. 26A and annexure thereto from an accountant is sufficient compliance or whether the deductor should file a return of TDS ? Should we inform the income tax authorities that we have paid interest as per section 201 (1) ? If so how ? Kindly help me. Thank you.
Replies (1)

Dear sir,

you are required to obtain form 26A as well as required to submit TDS return....

and this form is for informing to IT dept. (director general of income tax (systems) that you have paid interest u/s 201. you are required to submit this form 26A to the concerned DG-IT (systems) of your ward for processing for the same.


 

Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com

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