Tds notice after correction and payment.

This query is : Resolved

Kamaldeep Singh (Querist)
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19 May 2014 Hi all,

I recently paid an outstanding demand of tds cpc on the behalf of my client. It comprised of interest on late payment rs. 4820, 234E rs. 3400 and interest u/s 220(2) on the total of the said two amounts rs. 820/-.

Then I revised the return after adding the challan in the correction statement. I reported the 234E figure of rs. 3400/- in the late fee column and rs. 5640 being interest (4820+820) in TDS/TCS Interest (As per deductee Annexure) column.

Now again my client has recd. a demand notice claiming Rs. 820 of 220(2). They have turned off the demand of 4820 and 3400. But kept intact the demand of 220(2).

I am sure this is a case of wrong reporting from my side. At which place do I show the Interest paid u/s 220(2) in correction statement to nullify such demand.

Kindly help.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 May 2014 I dont think any wrong reporting is there on your part. Just write a letter in reply to the demand notice along with copy of challan and copy of acknowledgement of revised return. Also give a CC to your TDS Jurisdictional Office.