Revaised return

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shamsheer (Querist)
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27 December 2012 Dear sir,

I received a Demand Notice from Income tax Department for Late payment of interest. Interest payable for 26Q Q4 TDS of My company. I paid that amount after that i submitted a challan copy to ITD department. My question is after payment these interest amount is it must to revise the 26Q Q4 Return for updating the details or Not ?

SANJAY TALATI

SANJAY TALATI (Expert)
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28 December 2012 If the notice is for the interest for the delayed deposit of TDS, then there is no requirement of the filing of the revised return.

However, if there is also a short deduction or short deposit of TDS, then after depositing the TDS and interest, the TDS return is required to be revised so that the NSDL systen will reflect the corrected position and to avoid the futher notice.