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

[pratik doshi]

In your case for that TDS return there is posibilty that wrong PAN no is entered, so department has calculated TDS @ 20% on invalid PAN No.

 

first you should login to tin-nsdl by using TAN no. and then you should check for default status, in default status you will get the respective F.Y. and quarter in which return processing default is notified by department. then apply for TDS consolidated file for that Quarter, tha file can be send to u at your registered email id or you can download it from downloads option in your TAN account. then make necessry correction in consolidated file and file your TDS return.

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.