Tds return query

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Dear experts i have file 24q for 4th quarter of fy 14-15 while filling annexure 2 the actual tax liability of employees comes lesser than tds deducted in short excess tds deducted by employer which caused negative amt in shortfall column of annx 2 later on i recd intimation from traces abt shortfall of payment of tds even though we have deducted more so what is the solution to this problem plz elaborate in details.. Someone say that make tds deducted equal to tax liability n file correction statement is it right?
Replies (1)

Please check the tax calculation of the employees tax liability. Maybe the tax is not calculated properly. Also download justification report from Traces so that the reason for short deduction can be indentified. Once you do that correction will be easy.


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