Tds default generated

TDS 693 views 1 replies

Karan Bhatia

Student

43 Points Joined December 2009

I received an email for TDS Default Generated where I am asked to deposit interest on defaults.

Now, as I have deposited the interest under "Type of payment: 400 (Raised by the Income Tax Department)"

Do I need to revise TDS return in this regard as the interest deposited will be shown as "Matching Pending" under "Quarterly Status of TDS return at NSDL website?

Replies (1)

Rounak Agarwal

Chartered Accountant

21 Points Joined August 2011

All the TDS Payments made by the Assessee needs to be reported in TDS Return as they will be cross checked by the IT Dept with respect to challan details.