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Interest on late deduction/collection

10 November 2017

Hi,

I have paid TDS amt for 26Q on 7-Aug-2017 and had filed Q2 Quarterly returned file on 30-10-2017. I got a message of Regular Statement filed is processed with defaults and / or PAN errors u/s 200A/ 206CB. When I opened file stating that a demand of Rs190 for interest on late deduction/collection. I paid Rs 190, now I dont know where to submit challan. Can anybody guide me, why i got this message and how do i process with challan, as I am new to this TDS section

Thank You

Shireen

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6 Replies

CA Ankit R Momaya (Partner at Bhat Momaya & Associates) (2319 Points)
Replied 10 November 2017

Dear Shireen,

You need to add challan to the statement online and file a correction statement for the said 26Q.

Regards

Ankit

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CA Ankit R Momaya (Partner at Bhat Momaya & Associates) (2319 Points)
Replied 10 November 2017

Dear Shireen,

You need to add challan to the statement online and file a correction statement for the said 26Q through TRACES

Regards

Ankit

shireen khan (7 Points)
Replied 10 November 2017

Thanks. I am just also curious in this issue. I paid out some money 95000/- to a person X as a consulting fee on 19-Jul-2017. I remitted TDS of 10% 9500/- on 7th Aug through challan.

I filed quarterly returns on 30th Oct, 2017. I got a intimation from TDSCPC that some interest has to be paid which amounts to 2%, not sure why this has come as to me all looks perfectly fine.

Any help in this regards will be appreciated

CA Ankit R Momaya (Partner at Bhat Momaya & Associates) (2319 Points)
Replied 11 November 2017

Dear Shireen,

You can request the Justification Report from the TRACES. It will contain the details of Demand raised.

shireen khan (7 Points)
Replied 13 November 2017

Sorry, I did. All I see is this over there. Not sure how to open and read too, any specific reader to be used?

VERSION^2.2
HDR^BLRT11907A^TECHIEJACK SYSTEMS LLP^7700XXXXXXX8906^26Q^Q2^2017-18^ORIG
CSPRD^05-Nov-2017
CS^TECHIEJACK SYSTEMS LLP^S2266 GOLDENWOODS,BASAVANAGAR,BANGALORE,Karnataka,560037^Company (K)^Firm / AOP / AOP(T) / BOI / Artificial Juridical Person^BLRT11907A^7700XXXXXXX8906^Original^30-Oct-2017^26Q^2017-18^Q2
DSOTH^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^0.00^190.00^0.00^190.00^0.00^0.00^0.00^190.00^0.00^190.00
LDST^190.00^0.00^190.00
LDRWSUM^190.00
LDRW^1^1^1^null^ANFPY6616C^K YASMIN^85400.00^9500.00^9500.00^19-Jul-2017^19-Jul-2017^07-Aug-2017^2^190.00