I am receiving so many notices from TDS-CPC regarding payment of demand for the TDS amount which I have already paid in FY 2008-09. After reviewing the facts I came to the conclusion that the particular challan(s) against TDS amount for which demand has been raised is showing status as "Overbooked" in TRACES.
You are kindly requested to please provide me clarification regarding how to deal with these OVERBOOKED challans as TRACES is not able to clarify me what to do to clear the demand liability.
But the problem is how I came to know whether a particular challan is short utilized and other one is over utilised?
Also, can you help me whether I should go for revising the return as I have filed Revised Return just a month ago and the TRACES shows the status as rejected.
13 October 2014
You know which chalan is underutilized!
So you need to revise E-TDS return for that particular quarter, when you go online for correction system shows all chalans which are short utilised & you can tag that chalan to particular E-TDS quarter and so correction.
15 October 2014
No sir, we have not made any short payment of TDS.
Except that overbooked challan all are showing status as Matched and Consumed. There is no such field or link which is showing UNDERBOOKED in the panel.
CAclubindia
