17 May 2016
Dear Sirs,
I have Query regarding Intimation U/s200A for short deduction received from Traces as follows :
One of our employee have some income from bank interest & bank already deduct 10% tds on that interest income.
Employee has in the category of 20% slab of income tax. When filling income details of that employee in Annexure II of form 24Q ,there is short deduction of that TDS deducted by bank (10% TDS). Now, please suggest me ,Can I pay that short deduction amount ? OR If i have paid that amount then it is necessary to filled correction return.
17 May 2016
If you have already paid the amount then you should get the return revised. If you have not paid the amount than in correction return you can make the income from other sources as Zero. Else if you have not filed the return yet then you may not show the interest income in Annexure-II.
17 May 2016
Thanks for your valuable reply.
I have few more queries.
I have downloaded conso file for correctiin ,but there is no option for making any changes in Annrxure II.
CAclubindia
