Tds q-4 f.y.2015-2016 form 24q -short deduction..??

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Dear Sirs, I have Query regarding Intimation U/s200A for short deduction received from Traces as follows : One employee have some income from bank interest & bank already deduct 10% tds on that interest income. Employee has in the category of 20% slab of income tax. When filling income details of that employee in Annexure II of form 24Q ,there is short deduction of that TDS deducted by bank (10% TDS). Now, please suggest me ,Can I pay that short deduction amount ? OR If i have paid that amount then it is necessary to filled correction return.
Replies (1)

Hi Vidyesh,

yes,  you need to pay the TDS amount through challan and thereby file an online correction at TRACES to nullify said demand so that concerned employee would get the tds benefit.


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