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.
1 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 04 June 2014
you should write a letter and sent to your jurisdictional officer stating thw facts that tds has been deducted after rounding off. you demand will be reduced to nil subject to the satisfaction of officer.
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