I have received an intimation u/s 399 against form 141 schedule B filed for TDS payment. It is demand due to short deduction (less than a rupee) and interest on late deduction. The interest on late deduction is due to a mistake in entering dates in form 141. So I filed a correction with correct dates so that no interest is applicable. Now AO has asked for several documents for verification. Rather than going through the hassle of collecting and providing so many documents I am fine to pay the original demand which is not a significant amount. Can I pay the original demand and will the case get closed or AO may get suspicion and still ask for documents? I assume AO would reject the correction which I am fine with but can he still ask for verification documents or inititate proceedings? Please advise what is the best course of action.
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RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PROPERTY PURCHASE
Replies (2)
Quick Summary
In short, paying the original demand is the quickest resolution, but you must upload the payment challan along with a brief written statement requesting the withdrawal of your correction request so the AO can formally close the open verification file.
Just to add AO has asked details about past paid challans, bank statements showing past payments to builder, etc.
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