filing of tds return
This query is : Resolved
PAWAN NARANG
(Querist)
06 July 2007
Dear Friends,
can anybody tell me what are the consequenses & remedies for not depositing tax & filing of tds return for the particular date of 31.03.2007.
Thanks
Pawan Narang
Chartered Accountant
can anybody tell me what are the consequenses & remedies for not depositing tax & filing of tds return for the particular date of 31.03.2007.
Thanks
Pawan Narang
Chartered Accountant
06 July 2007
if tds is not deposited as per dates specified in sec200(1) the amount on which tds has been deducted will be disallowed u/s 40(a)(ia) & will be allowed in the financial yaear in which it will be deposited.
Paras Chhajed
(Expert)
06 July 2007
Interest for delay in depositing the TDS and also Penalty is leviable. The severe most consequence is disallowance u/s 40(a)(ia) which Mr. Jitender has mentioned. In addition penalty for delayed submission of TDS return as well as dealy in issuance of TDS certificate is also attracted.
CA Paras Chhajed
CA Paras Chhajed
CA BHARATH KUMAR
(Expert)
26 July 2012
yes i suppot to PARas
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