Easy Office
LCI Learning

Tds

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 April 2014 what are the consequnces of wrong pan in tds return

penlty 10000 or rate would be 20%

19 April 2014 effectively both. but please note Rs 10000 is the penalty. 20% deduction is not a penalty but the amount you need to deduct from the payments made to the deductee.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 April 2014 practically what happens?

do deductor receives notices?




19 April 2014 yes you do receive notices for the short deduction. however, penalty can only be levied through AO issuing notice for penalty proceedings and the deductor has the rights to present his case

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 April 2014 short deduction would be reflected in 200a
and penalty would be levied under seperate notice sec. 272b
am i right?

how to ensure that only correct pan goes to tds statement?


19 April 2014 yes you are right.

well, first thing is to ask the prospective deductee to provide a copy of the PAN or a snapshot from income tax website to ensure that only correct PAN is available in your records.

second, at the time of filing TDS returns, make sure you do double check.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 April 2014 thank you so much Nikhil.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 April 2014 if we revise the return after the receipt of notice u/s. 200a or 272b then can we claim relief?




Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 April 2014 hi sir plz solve my last query

21 April 2014 well 272B is always avoidable...with regards to 200A, it is compulsory and cannot be waived off.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 April 2014 may i ask any query regarding service tax?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 April 2014 can tds return be filed without paying interest on late payment?






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries