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Tds

CA Alok Goel (CA Practice ) (60 Points)

29 June 2014

TDS Query: • Is there any solution for waiver of 234E of Income Tax. • Interest on late deposit of TDS- if TDS is credited on 31st March 2014 and deposited on 1st May 2014-what is delayed period- 2 Months or 3 Months? • If the demand in TDS notices are of Rs. 10, 20 ,30 i.e. Below Rs.100/=. Whether we should deposit or not. • where demand of late deposit interest in TDS notices are deposited , in that cases whether correction returns are required to be filed or demand will be squared up in default manner.

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7 Replies

sharath (i) (188 Points)
Replied 29 June 2014

2. Delayed period is 3months.

3. Don't know, i think we have to.

4. we have to file correction return.

1 Like

CA Alok Goel (CA Practice ) (60 Points)
Replied 29 June 2014

I thnik U/s 234 E of Income Tax Act, there is no caluse to condone the delay in filing of TDS retrun even by CIT. Comment.

CA Alok Goel

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 30 June 2014

1. 234e is a mandatory section and waiver not possible..... 2. delayed period is 2 months - april and march..... 3. you should pay such amt to avoid any future prb..... 4. you need to file correction statement after you have paid late payment interest.

subhash kumar jha (PROFESSION) (445 Points)
Replied 30 June 2014

1. 234e is a mandatory section and waiver not possible..... 2. delayed period is 3 months 3. you should pay such amt otherwise demand u/s 221 will be raised for non payment of demand 4. you need to file correction statement after you have paid late payment interest.