Communication
Number 22, dated 17th February, 2014
CPC (TDS) follow
up communication for payment of outstanding Demand related with Short Payment
As per the records of Centralized
Processing Cell (TDS), there are Short Payment defaults in the TDS Statement(s)
submitted for the quarter(s).
With the above functionality
Intimation u/s 200A of the Income Tax Act, 1961 intimating an outstanding
demand for the relevant quarters towards Short Payment, have already
been sent by CPC (TDS) on Registered email address and by post, at the address,
as mentioned in the relevant TDS Statement.
Your attention is hereby drawn
towards the provisions of section 200(1) of the Act, which reads as follows:
Duty of
Person deducting Tax (Section
200(1) of Income Tax Act)
·
Any person deducting any sum in
accordance with [the foregoing provisions of this Chapter] shall pay within the
prescribed time, the sum so deducted to the credit of the Central Government or
as the Board directs.
·
Any person being an employer,
referred to in sub-section (1A) of section 192 shall pay, within the prescribed
time, the tax to the credit of the Central Government or as the Board directs.
·
Any person deducting any sum on or
after the 1st day of April, 2005 in accordance with the foregoing provisions of
this Chapter or, as the case may be, any person being an employer referred to
in sub-section (1A) of section 192 shall, after paying the tax deducted to the
credit of the Central Government within the prescribed time,[prepare such
statements for such period as may be prescribed] and deliver or cause to be
delivered to the prescribed income-tax authority or the person authorized by
such authority such statement in such form and verified in such manner and
setting forth such particulars and within such time as may be prescribed.]
You are advised to pay the
outstanding demand at an early date to avoid Penal Interest u/s 220(2)
of the Act apart from initiation of other recovery proceedings as per Income
Tax Act, 1961. If the demand has already been paid, you are requested to file a
Correction Statement by tagging the challan and the Justification report can be
verified for closure of demand, if the revision has already been submitted and
processed.
How to pay
the demand:
·
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.
·
Download the Conso File from
our portal. Please use the e-tutorials for
necessary help.
·
Prepare the correction statement
with appropriate changes.
·
Submit the Correction Statement
at TIN Facilitation Centre.
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