27 January 2011
The dept insists upon interest for FY 2007-08 and 2008-09 short deductions (194I - 194C).
The dept also ignoring supreme court COCA COLA jusdgement dt 16.08.07 and demanding to pay short deduction now for both the year, saying that the judgement was applicable upto 2006-07 only.
Upon repeatative arguements they are reqdy to waive payments of short deduction TDS but insists upon interest payment upto date of filing of return by respectvie deductees. Dept also demands either assessment order of deductees or certain declaration to waive TDS payments.
27 January 2011
Yes department is correctly demanding the assessment orders of deductee or certain declaration to waive payments, that "tax on related income was deposited by them on due dates".
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