My question is :
I have a demand of Rs.1,00,000 in may TAN due to short deduction of TDS against 5 employees.
While filling ITR's, these 5 employees deposited TDS payable to IT deptt. The assesemen order has been passed by IT deptt. and nothing is due in employees PAN now.
I want to know that how the demand of Rs.1,00,000 will be settled in my TAN? whether i have to pay this amount to IT deptt. or is there any other way out to adjust this demand?
Kindly reply.
Thanks