What are the reasons for Tds demand in 24Q Q4 if all tds was already paid and Tds regular statement filed on time ?
Will the rebate u/s 87A can cause demand ?
Our accountant filed 24Q Q4 through TIN Centre but he filed tax on total income as zero for income below 5lacs and he has not shown rebate u/s 87A
24 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
Wrong filing of TDS returns.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
Is it only the reason for tds demand ?
Any other reasons?
Tds deduction and payments were done on time
Any other reasons?
Tds deduction and payments were done on time
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
There is no other reason except data entry errors in return
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
How about financial year ?
We are govt organization. For us March to Feb is the relevant year and
We fill Salary from March 2021 to Feb 2022 where as April to March is the FY as per FA
We are govt organization. For us March to Feb is the relevant year and
We fill Salary from March 2021 to Feb 2022 where as April to March is the FY as per FA
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
It doesn't matter, data entry should be correct
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
All entries and tax liability is correct . Demand raised but downloaded form 16s and checked .All details are correct except rebate related issue
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
Then download justification report
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
Justification report generated with all entries of Annexure I nothing found wrong
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
Justification report show the details of demand. So first get clear what you downloaded.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
It's just copy and paste of Annexure I of Tds file from RPU 4.1
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
Justification report always give clarification of TDS demand, so check it again
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
Generally JR should show the reasons.But this time it's just copy and paste and no proper justification
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