We had deducted TDS on salary from our staff after rounding off the Income Tax payable u/s 288 B and filed 24 Q for FY 2013-14. Now we received a Demand Notice u/s 200A directing us to remit the short deduction ( ie. all cases of rounding down of less than Rs. 5/- in last digit) occured due to rounding off the Tax to nearest Rs. 10/-. Kindly advise.
Menu
Rounding off of income tax payable
Replies (1)
you should write a letter and sent to your jurisdictional officer stating thw facts that tds has been deducted after rounding off. you demand will be reduced to nil subject to the satisfaction of officer.
Recent Topics :
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
Related Topics :
CAclubindia
