TDS Notice COME

TDS 296 views 3 replies

AFTER SUBMITED 26Q2,2023 RETURN  , IT DEPARTMNENT ISSUE A  DEMAND NOTICE FOR SHORT DEDUCTION RS. 6400.00  For Defaults and/ or PAN Errors have been identified in the Regular statement filed by you for Q2 of FY 2023-24 for Form 26Q and processed by ITD u/s 200A/ 206CB

THEN WE HAVE CHECKING  OUR RETURN THOROLY AND NOT FIND  ANY MISTAKE DONE FROM OUR SIDE . EXCEPT  ONE PARTY HAS PAN NUMBER IS OK BUT HE DOES  NOT SUBMITTED HIS INCOME TAX RETURN LAST 5 YEAR  AND we hope that IT DEPARTMENT  CHERGE 20% tdS AGAINST INVOICE VALUE RS. 32000.00(U/S 94C)

HOW TO SOLVE THIS PROBLEM.

Replies (3)
Pls ask to vendor to file the return and also u should check PAN particular Active or Not before depositing the Tax and return to, other wise u have to pay demand.
You are required to deduct 20% tds from this vendor and deposit the same to the government. Until the vendor links his PAN, Aadhar - you need to continue this higher rate deduction

After Ask about this  problem Vendor Links his Aadhar , PAN Card Last week  & also submitted ITR return for the F.Y. 2022-23.

Now if we will submitted REVISED TDS return then Income Tax Department will raised Nil demand  ?

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register