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Tds notice u/s.200a & 156

swathi (Accounts Officer) (349 Points)

25 January 2012

One of our client received a intimation & notice for TDS under Sec.200A 156 for short deduction and late payment interest.

After verification of TDS statements client paid the amount of TDS payable as per the notice.

Now my question is whether we need to file the revised return for the same or not (or) whether we need to reply the department by written document or not

Please any one suggest me in this

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29 Replies

Krishna Reddy (Accounts Officer ) (28 Points)
Replied 25 January 2012

First file the revisd return and replay to department with supporting revised acknowledgment.

1 Like

valji (Accounts manager-MBA) (2150 Points)
Replied 25 January 2012

you have to check your return ,write letter to ITO WITH CHALLAN copy

if requred submit revise return

1 Like

CA NEERAJ SHARMA (practice) (408 Points)
Replied 25 January 2012

FIRST U HAVE TO PAY TO TDS FOR SHORT PAYMENT..

THEN REVISE YOUR TDS RETURN ...

AND SEND A LETTER TO CONCERNED TDS COMMISSIONER WITH THE COPY OF

REVISED RETURN ACKNOWLEDGMENT

AND

TAX RECIEPT

2 Like

Vineet Goyal (Assistant Manager - Finance & Accounts) (702 Points)
Replied 25 January 2012

Agree with Neeraj Sharma

1 Like

KORGAONKAR ASSOCIATIES (pratice) (118 Points)
Replied 25 January 2012

FILE ETDS CORRECTION RETURN FOR ANY SHORT PAYMENT AND SHORT DEDUCTION ONLY LATE PAYMENT INTEREST SHOULD BE PAID AND INFORM WITH SUPPORTING DOCUMENT TO TDS DEPARTMENT

KUMUDPRAKASH DOSHI (PROPRIETOR) (21 Points)
Replied 02 March 2012

Our client received the TDS notice u/s200a & demand u/s156 for short payment of interest on late payment of e-tds, as per demand the client has paid the interest as demanded by the department. Now is it necessary to file revised / coreection Statement of E-TDS for the payment of late payment of Interest only

Anumanchipalli Sathikonda (Tax Consultant) (1349 Points)
Replied 02 March 2012

Dear All

The Intimation u/s 200A of Income-tax Act, 1961 is deemed to be an order passed under the act. Such order can be modified/rectified/amended by the Assessing Officer himself or on receipt of an application from the assessee u/s 154 of the Act. The application u/s 154 must me moved within four years from the end of the financial year in which the impugned order is passed.

On receving the application the Assessing Officer has to pass an amendment order within the six months from the end of the month in which the said application is received or he may reject the application within such time.

If no amendmend is made to the intimation passed u/s 200A the demand shall reamain in the registers of the Income-tax Department. The assessee may receive notices u/s 221(1) though he has rectified the TDS statements and paid the shortfall of the tax. This will happen because of certain administrative faults in the department.

Best Wishes

Sathikonda

Lokendra (Accounts Officer) (21 Points)
Replied 26 March 2012

thanks but not clear properly

sachin kumar rana (Assistant Manager- Taxation) (34 Points)
Replied 28 March 2012

Our client received the TDS notice u/s200a & demand u/s156 for short payment of interest on late payment of e-tds, as per demand the client has paid the interest as demanded by the department. again one more problem wrongly deposited challan in different section. In E-Tds return mention actual section according to deuction instead of deposited challan. so pls request with you how resolve this issue in future no nay problem facing.

Pechi (Accountant) (21 Points)
Replied 23 May 2013

Dear Friends, I have received order u/s 200A of Income Tax Act 1961 for depositing Late Payment Interest. As per demand I have paid interest and reply to income tax office. But again i am received Intimation u/s 200A. My dobut what i am do

Kalpesh Soni (Student) (48 Points)
Replied 23 May 2013

First of all, Request consolidated Statement file from TRACES, download it in the software and import it. It will let you know which of the provided PAN are incorrect or Challan details are incorrect. then you can modify the details by preparing a new correction statement and revise the return. Late Payment Interest has to be deposited, with no option. Then reply should be made to the Assessing Officer by providing him the copy of late payment interest challan as deposited in bank and copy of receipt of return revised.

Kalpesh Soni (Student) (48 Points)
Replied 23 May 2013

Some time department send one notice two times. Check the date printed on the notice, if it is earlier than your date of depositing Late payment interest then just reply that same late payment interest has already been deposited and if notice is of the date after revisal of return but is of same demand amount then make reply with specifying that "please update your records and delete the demand".