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TDS Short Deduction Error

Krati Agrawal (79 Points)

07 June 2018

How to solve short deduction error with traces online facility , if I mistakenly deduct less TDS rate than required.

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7 Replies

Ashiwini Ballodia (Managing Partner at TAXounting) (8737 Points)
Replied 07 June 2018

Kindly pay the short Deduction amount along with interest

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Krati Agrawal (79 Points)
Replied 07 June 2018

ok, sir, but after paying challan , how to proceed further to solve this error

Ashiwini Ballodia (Managing Partner at TAXounting) (8737 Points)
Replied 07 June 2018

You have to file a revise return by adding the challan online & correcting the party

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Krati Agrawal (79 Points)
Replied 07 June 2018

ok sir, so u mean , that firstly I need to pay challan by selecting code 400 i.e tax on regular statement. Thereafter Add challan on the traces and add new deductee in respect of newly added challan.
Am I correct sir??

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Ashiwini Ballodia (Managing Partner at TAXounting) (8737 Points)
Replied 07 June 2018

you are absolutely correct.

Don't forget to modify short Deduction row otherwise again default will come i.e. party will be divided in 2 row according to TDS

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Krati Agrawal (79 Points)
Replied 07 June 2018

ok , thanku sir for your reply

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