Interest/penalty if tds return corrected?
This query is : Resolved
08 April 2014
Is interest/penalty leviable if TDS return of Quarter 3 of FY 2013-14 corrected in april 2014?
08 April 2014
it depends upon the type of correction made if there is addition of Challan and Deductee records there can be a possibility of Interest.
but if there is correction of arithmetical or other error no penalty or interest leviabe.
but if there is correction of arithmetical or other error no penalty or interest leviabe.
09 April 2014
there is an addition of challan & deductee record.
What is the amount of interest?
What is the amount of interest?
09 April 2014
the tds amount was deducted on 12.12.2013 & deposited on the same day. but by mistake, the same was not included in the return of Q3.
Now,on revising the Q 3 return, what is the interest rate? Is it 1.5% per month?
Now,on revising the Q 3 return, what is the interest rate? Is it 1.5% per month?
09 April 2014
the tds amount was deducted on 12.12.2013 & deposited on the same day. but by mistake, the same was not included in the return of Q3.
Now,on revising the Q 3 return, what is the interest rate? Is it 1.5% per month?
Now,on revising the Q 3 return, what is the interest rate? Is it 1.5% per month?
10 April 2014
No Interest is required in this case as this is addition due to error or omission.
you can revise the returns directly.
you can revise the returns directly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
