Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Etds return query !!

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 Dear Sir,

I have one query regarding ETDS return for FY 2009-10

We are a Pvt limited company. We have filed ETDS return for all four quarters together on 25-June-2010 for the said year. But all the returns have been rejected by NSDL. Now after almost two years our employees have got the demand notices from IT dept to pay the Income tax for that year as they have not received any credit.

How can we submit the revised / corrected ETDS return ? Further you must be aware there is penalty of Rs.100/- per day for the delay in fling these returns so Is there is any way we can avoid the penalty ??

Alternativaly if we file the corrected return & don't pay the penalty, what are the implications ??

Please guide us on above. Your early reply would be helpful.
Thanks,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

06 February 2012 Since the TDS returns rejected by NSDL, your case is treated as No TDS filed, so no question of correcting the return, you need to file return newly. since return not filed with in due date cannot avoid penalty for the same

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