CPC
(TDS) communication for payment of outstanding Short Payment Defaults
Communication Number
61 dated 05th July, 2014
As
per the records of the Centralized Processing Cell (TDS), there are outstanding
Short Payment Defaults for TDS Statements filed by you, however, the demands
have not been paid as yet.
The
details of the outstanding demand are as follows:
In this respect,
you are requested to take not of the following provisions of the Income Tax
Act, 1961:
TAN
|
Financial Year
|
Demand Amount
|
XXXXXXXXXX
|
Consequences of failure to pay the demand:
In
accordance with provisions of section 201(1) of the Act, where any person,
including the principal officer of a company, who is required to deduct any sum
in accordance with the provisions of the Act; does not pay, or after so
deducting fails to pay, the whole or any part of the tax, as required by or
under this Act, then, such person, shall be deemed to be an assessee in default
in respect of such tax.
As per
the provisions of section 220 of the Act,
·
Any amount, specified as payable in a notice of
demand shall be paid within thirty days of the service of the notice.
·
If the amount specified in any notice of demand is
not paid within the period limited under sub-section (1), the assessee shall be
liable to pay simple interest at one per cent for every month or part of a
month comprised in the period commencing from the day immediately following
the end of the period mentioned in sub-section (1) and ending with the day on
which the amount is paid.
·
If any person fails to deduct or pay the whole or
any part of the tax, then, such person shall be liable to pay, by way of
penalty, a sum equal to the amount of tax which such person failed to
deduct or pay under Section 271C of the Act.
·
Failure to pay tax to the credit of Central
Government is punishable with fine as per the provisions of section 276B/ 276BB.
·
Section 278A of the Act prescribes for punishment
for second and subsequent offences, if any person has been convicted of an
offence under section 276B.
Actions to be taken at the earliest:
·
Download the Justification Report from our portal
TRACES to view your latest outstanding demand. Please click here for
assistance on downloading the Justification Report.
·
Use Challan ITNS 281 to pay the above with
your relevant Banker or use any other Challan, which has adequate balance
available.
·
Prepare a Correction Statement using version
3.9 of the Return Preparation Utility (RPU) and version 4.2 & 2.138 of the
File Validation Utility (FVU).
·
Submit the Correction Statement at TIN Facilitation
Centre.
·
You can also use our Online Corrections facility
on TRACES to submit corrections for FY 2013-14 onwards, after payment of
the demand.
To avail
the facility, please Login to TRACES and navigate to "Defaults" tab
to locate "Request for Correction" from the drop-down list. You can
refer to our e-tutorials for necessary help
0 comments:
Post a Comment