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Notice u/s.200A / 201 (1) of IT Act,1961

TDS / TCS 5862 views 4 replies

Deal friends!

We came to know that ITO has issueing notices to corporates regarding defaulter u/s.200A / 201 (1) of IT Act,1961 on Form No.26Q and 24Q for the Returns filled since, AY 2007-08.

ITO demanding simple interest at the prescribed rates for short deduction and/or short payment at the time of issue of order is liable to be paid.

Corporates are further requested to appear personnaly and to clarrify and also requested to bring blank CD/Pen drive, in order to get the detailed worksheet of the defaults mentioned.

Please be prepared to face ITO.

regs

Ram

 

 

 

 

 

Replies (4)

is it confirmed news.. if you have any notification etc. please provide

Yes! this is confirmed news only!

why bez our 5 big clients (Corporates) had received notifications and thery are rushed to us!

For example: If you have deducted TDS u/s.194 C @ 2.266% for a single bill and if it comes at Rs.541.45/- you will be considered as Rs.541/-.  But, ITO is now demanding penalty and interest for that unpaid amount of Re.0.45/-.  :)

regs

Ram

please tell in which we made reply of notice of tds u/s200a

 

This defaults notice amount break up etc details are available online to those registed with tin-nsdl.com

If IF IF you have not registered or for any reason you could not download this information you can go to the IT Office and obtain .

For this if you go with pen drive they can copy it on to your pennu drivu and give.

Nothing more serious.............


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