Dear Sir/s
We have received the notice form incomtax department to pay the short dedected amount and interesr thereon
actually there was no short deduction because of wrong PAN , dedutable tax doubbled by the department
According to 194J we have deducted 10%but ( because of wrong PAN ) Department asking to pay 20% and interest on balance amount , if i submit correct PAN what are the consequances,
Kindly advise me how should i write a letter to depatment
TDS liability under 194J: correcting PAN and revising the TDS return can remedy a departmental demand notice and interest. Demand notice alleges short deduction after department applied a higher withholding rate due to an incorrect PAN; correction of the PAN and revision of the TDS return are proposed as the remedial step, accompanied by a covering letter explaining the PAN error and requesting reassessment of the demand and interest in light of the revised filing. (AI Summary)