tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2014 Sir, pl. suggest me we have deducted TDS on Full value of Contract & deposited in 3rd qtr. of 2013,but we can not file TDS return due to payment made to party is under limit in during the year. Dept. issue a notice for filling of return. if we filed the return whether we will be imposed the late filling fee.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 January 2014 two things:

1. yes, you are required to submit the TDS return

2. year 234E would apply.

PS: the constitutional validity of 234E has been challenged by an assessee in Kerala high court...if a positive judgment is received, you can expect some relief...how dont bse your hopes too much on it.

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