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
Order U/s 201/201A- short didn of TDS
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TDS PAN mismatch can trigger higher withholding; taxpayers should check TIN-NSDL defaults and correct TDS return promptly.
Verify the payer's TAN account on the TIN-NSDL portal for default status, obtain the consolidated TDS file for the affected quarter, identify PAN or data-entry mismatches, correct the consolidated file and amend/refile the TDS return so the department can reprocess and rectify the default treatment. (AI Summary)
Verify the payer's TAN account on the TIN-NSDL portal for default status, obtain the consolidated TDS file for the affected quarter, identify PAN or data-entry mismatches, correct the consolidated file and amend/refile the TDS return so the department can reprocess and rectify the default treatment. (AI Summary)
TaxTMI