dear sir,
we have filled our tds salary return
in which employee has some tds deducted in interest income which is part of computation of form 16,
balance tax after consider tds on interest we have deducted on total income , but tds return processed and send a demand not consider tds deducted on tds of interest income.
please suggest what to do
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Tds return filled but raised demand in salary
Replies (31)
Quick Summary
Download consol file and file the tds correction statement.
Make sure that employees have no tax liability after tds
Make sure that employees have no tax liability after tds
TDS deducted on interest is not to be shown in salary TDS return. So revise the return by paying the remaining tax.
@ Nitin Jain,
Check whether all challans are added for tds return.
If the tds payment is already done then you file online correction to nullify the demand
Check whether all challans are added for tds return.
If the tds payment is already done then you file online correction to nullify the demand
Queriest already mentioned it that no deduction of TDS on interest given in order.
Since it is not allowed , demand can be nullified using unutilised challans through online correction
Tds deducted in interest by payer, I have shown in liability and tds which are deducted
Any other way
I have received demand notice under 143(1) intimation, also I have submitted reply by giving fact about mistake , now what to do if they not consider my reply
Wrongly above comment here, can revise remove interest income and showing only salary incone
Are you talking about Tds return or Income tax return?
143(1) relating to Income Tax Return
143(1) relating to Income Tax Return
Wrongly above comment here, can revise by remove interest income and showing only salary income in salary return
Revised return deadline is over .
Check 143(1) once again and find reasons for demand .
You may file rectification if required
Check 143(1) once again and find reasons for demand .
You may file rectification if required
I am asking on tds return where I filed salary income with interest income on which tds is deducted by payee but in tds return 24q demand issue
Tds will be deducted by payer and not payee.
If it is 24Q demand then download console file and find the exact reasons and file correction statement
If it is 24Q demand then download console file and find the exact reasons and file correction statement
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