Tds notice

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karthik

tinfc staff

23 Points Posted on 11 February 2014

How to calculate - Additional late filing levy and Late payment against the processing of latest correction

I have already paid late deduction Interest in Regular return. But not consideration in tdscpc- what i can do

I prepaid TDS challan with correct TAN no. but bank remitted to incorrect TAN no. on basis of my challan i filed TDS return, due to incorrect TAN details in bank it is showing short payment in TRACES intimation. How can i correct this?

Replies (2)

CA Abhishek Goyal

Chartered Accountant

438 Points Posted on 26 May 2014

Additional Late filing levy : When you filed the correction return with additional Challan i.e you entered a new raw with new challan with deductee then department consider it as good as original return nd they charge penlty called Additional late filing levy.

Interest is not considered because there is 2 column in return for interest amount.

1. Interest

2. Interest Apportioned/ allocated

You can check this in RPU. there is 2 column for Interest Element.

Manoj Sadaria

Practicing Professional

46 Points Posted on 09 April 2015

Interest:

In the new RPU, if any Interest has been paid the proper breakup should be entered to get its effect in the statement. In the Challan tab, interest must be given in the Interest column (column no 7) and simultaneously in the Interest to be Allocated/ Apportioned Column (Column no 20)

In case you forget to fill in Interest to be Allocated/ Apportioned Column you will not get correct Credit of payment of Interest and it may again attract intimation.

Regards

Manoj Sadaria