Income tax

This query is : Resolved

seeta (Querist)
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13 December 2014 Mr Y has deducted the Tds and file the return on april’13 but now it is found that short tds has deducted by Mr Y for Rs.15000.00
What should Mr Y will do and sec-234 e is applicable?
Amount of penalty and Interest
Reply on urgent

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 December 2014 Section 234E will not be applicable. You will have to pay the short TDS along with interest and revise the TDS return. 234E is applicable when TDS return is not filed within due date. In your case you have filed the return already, now you will be filing only revised return. 234E not applicable on revised return.

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