Failed to deduct & deposit tds
This query is : Resolved
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.
Please Helpful Thanks In Advance.
03 August 2019
It is Possible to Deposit Now And File returns For FY 2018-19 with interest and late filing fee.
Message likes :
2 times
03 August 2019
Thank You Sir, and sir is there any consequence if we are still not Willing to pay tds with penalty
03 August 2019
TDS not deducted expenses will be disallowed under income tax.
Message likes :
1 times
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
Thank You Sir in Advance
04 August 2019
TDS Wings would send show-cause notice to you
Message likes :
1 times
08 August 2019
Absolutely agree with CA R Seetharaman sir .
Huge penalty and interest . Disallowance is one part of it only .
Huge penalty and interest . Disallowance is one part of it only .
Message likes :
2 times
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