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.
7 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 07 June 2018
Kindly pay the short Deduction amount along with interest
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
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??
Am I correct sir??
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
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
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 08 June 2018
Most Welcome Krati Ji
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