Order U/s 201/201A- short didn of TDS

[ishwar hegde]

For Fy 2008 , we had diuducted  10.%tax u/s 194A on int paid, e-tds return was also submitted in time. But there was a short diduction of mear amount of Rs.200/- ,to 259/ But the Ao has done assessment order leaving 20% tax plus intrest on the amount paid. What can be done now? Plz guide us

AI Summary

TDS Deduction Discrepancy: Addressing Shortfall Due to Incorrect PAN Entry Under Section 194A for FY 2008 A query was raised regarding a short deduction of TDS for the financial year 2008, where 10% tax was deducted under Section 194A on interest paid, but a minor shortfall of Rs. 200-259 occurred. The Assessing Officer issued an order imposing 20% tax plus interest due to this discrepancy. The response suggested that the issue might be due to an incorrect PAN entry, leading to a 20% TDS calculation. The advice was to check the default status via the TAN account, obtain the TDS consolidated file, make necessary corrections, and refile the TDS return.