Tds u/s 194d - urgent plsss

Here you are liable to pay interest @ 1% pm from the date on which tds has sought to be deducted (in your case i.e,30/04/2011) till the date on which tds has deducted (in your case i.e,01/08/2011). Further note that you have to pay such interest amount before filing of tds return. Yes you can file a return for correction the same.

Dear Ravi ji,

Thanks a lot.

We are ready to pay the interest, but can u provide some help as to how file the correction statement in this regard (exactly what changes i need to make in deductee details in each Qtr, do i have to change the payment made to party or what) Since there is no summation in Qtr 4 as in case of Form 24 so how the tax deducted in excess in Qtr2 cane be adjusted against short deduction in Qtr 1. Interest, i will calculate and deposit