Hi,
Hope you are doing well !!
Yes, you should pay all the amount even if it is small amount.
Hi on logging on to traces, found the outstanding demand of many small amount for the last 10 years. can this be ignored or we need to pay all the amount? after making the payment should we report it in the tds return ?
Yes you must pay it.
Or else they will adjust it from your future refund if any or refund in case of assessment and in recent time the TDS department has also become very strict with regard to recovery.
They have started freezing bank account for small amount, so it's better to pay.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you
Hello,
Yes, you should pay the demand.
The demand can be paid by using the Online Correction facility on the traces portal or by filing correction statement.
I hope this answer satisfies your requirement.
Regards,
CA Hunny Badlani
Hello Sir,
You must pay all the outstanding amount.
It will be adjusted automatically.
You don't need to show anywhere.
Hi,
- If the amounts are very small then it is better to pay them. Demands will be zero automatically after the payment.
Thanks
This cannot be ignored especially if you have made the deduction and not deposited with government.
Yes, it should be reported in TDS return as well.