Delayed filing of etds returns

This query is : Open

MD SAQAWAT HUSSAIN (Querist)
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07 May 2017 Hi sir. My friend has paid the tax in the fourth quarter of 2015-16. But he forget to do file the Etds Q4 in the same year. Now he wants to file the last year's Q4 of 2915-16.
Can we file 205-16 Q4 etds now.?.
If we filed then wether we have pay fine amount ?.
And if we not filed then what problem we may come across ?.
Plz reply sir.
Thank you

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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07 May 2017 Firstly I wnt to know how much TDS u deduct

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MD SAQAWAT HUSSAIN

MD SAQAWAT HUSSAIN (Querist)
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07 May 2017 madam we have paid Rs 8000/- as Tds for the Q4 of 2015-16 financial year

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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07 May 2017 You have to file TDS return as now & later u have to file. If u dont file notice is served on u for filing TDS return with penalty & they also charge interest on penalty. Its better to file return now. You have to pay late fee of Rs.8000/- as late fee can't be more than your TDS amount. Its better to file return now to avoid unnecessary penalty & intt on it

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