Interest on tds 2012-13

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ashok thakker (Querist)
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02 May 2013 Sir,
Mine is a proprietorship concern,we have found some discrepancies in TDS returns in 1st and 3rd qtr of fy 2012-13.Some interest is due to be paid,we have decided to pay it now till May'2013 from the date of payment of TDS and file revised returns.Agency whom we have entrusted the job of filing TDS returns say it can not be done now till a default is created by Department, why can't we do it voluntarily ? pl advise exact procedure....for correcting this mistake.

Regards,

ashok thakker

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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02 May 2013 you can file the revise return after paying the same i.e after paying the Interest

you have to first download the old file uploaded by you
and then change the same and after the revision you can file the same

you should get the old file from TRACES

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V K Bajaj

V K Bajaj (Expert)
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02 May 2013 Sethia has advised correctly.It is a nice idea to rectify the mistake/error at your own rather than to wait for Department action.

However, please verify if the interest has been paid correctly as many times the deductor calculates it wrongly.

contact@vkbajaj.co.in

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