Income tax tds

Tax Deducted u/s 192B on 30/04/2014 and deposited on 20/05/2014 along with Interest @ 18% p.a. for 2 months (i.e. from the date of deduction to date of deposit of Tax)
Inspite of that why default notice issued by CPC? Please advise me.

 

Thanks & Regards,

Srikanta

Replies (8)
have you reported interest portion correctly in return filed by you?

Please check whether interest is properly shown in e-TDS return filed by you.

Originally posted by : VIKAS BHATNAGAR
Please check whether interest is properly shown in e-TDS return filed by you.

Respected Vikas Sir,

 

YesI have mentioned the same Interest into Column No. 7 (304) of Form 24Q

Dear Sir,

Please check whether interest is also shown in deductee records failing which TRACES system shown demand.

Yes Sir, I have checked and Interest appears in the Deductee Record and in 26AS of the Deductee also.

In that case you have to take up the matter with TRACES - CPC as it seems incorrect ddemand raised by the TRACES.

Ok. Thank you Sir. I have alrealy drafted the matter. But waiting for experts opinion. Sending the letter by mail to CPC instant.

interest portion is liability of deductor and shouldnt reflect in 26AS of deductee Deductee will receive credit of tax deducted portion only he has nthing to do with interest. Pls check there might be some mistake

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