Hi,
Recently i filed Q4 return for the FY 2013-14 for 24Q. we paid whatever the amount deducted from employees for Q1 & Q2. When we downloaded form 16 from trace we found that there is difference in TDS Deducted and Remited.
We are deducted less TDS during first two quarters then deducted full amount in the next quarter. Finaly we paid the full tax liability of every employee. Also we received demand notice from the dept. for short payment.
I need your suggestion on 1. Can i issue the form 16 to employees because some employees having difference in TDS deducted & paid . ( whatever we paid is showing under TDS Remited ).
2.Whether we need to revise the respective return or not . If yes on what basis
3.On what basis trace has generated this demand notice on short deduction
CAclubindia
