We had deducted TDS on salary from our staff after rounding off the Income Tax payable u/s 288 B and filed 24 Q for FY 2013-14. Now we received a Demand Notice u/s 200A directing us to remit the short deduction ( ie. all cases of rounding down of less than Rs. 5/- in last digit) occured due to rounding off the Tax to nearest Rs. 10/-. Kindly advise.
CAclubindia
