Failed to deduct & deposit tds

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Pasha Spd (Querist)
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03 August 2019 Sir, We Started A Pvt Ltd Company And we were failed to deduct and deposit TDS From 2018 April to till Date. Now We Realized The Importance of TDS Provisions. What Should We do Now, Is It Possible to Deposit Now And File returns For FY 2018-19. Or if not deduct and deposit Is there Any Consequences Which will harm to our organization. We Are Ready to Deduct and deposits From Now But I Want to know about the past expenses we did
Please Helpful Thanks In Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 August 2019 It is Possible to Deposit Now And File returns For FY 2018-19 with interest and late filing fee.

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Pasha Spd

Pasha Spd (Querist)
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03 August 2019 Thank You Sir, and sir is there any consequence if we are still not Willing to pay tds with penalty

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 August 2019 TDS not deducted expenses will be disallowed under income tax.

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Pasha Spd

Pasha Spd (Querist)
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03 August 2019 Thank u For your response But unfortunately we did not collect the pan number of our service providers And Our CEO ready for dis allowance of expenses and ready to loose tax benefit but we want to know Is there any legal problems or is IT department or TDS Wings would send show-cause notice to us
Thank You Sir in Advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2019 TDS Wings would send show-cause notice to you

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