ITR without TDS Payment

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This query is : Resolved

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A Private Ltd Company can file its Income Tax Return (ITR) even if it has outstanding TDS payments due to insufficient funds. While filing the ITR is permissible, the company should expect a notice from the TDS Income Tax Officer rather than a scrutiny notice from the IT Department. No revised return is necessary in this situation; the outstanding TDS can be paid directly.

sankar ponnan

sankar ponnan (Querist)

29 March 2021 SIR- In case the Private Ltd Com. fails to pay its TDS payables due to insufficient fund, Can it file its ITR or Not?

Guide us plz
thanks in adv

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 March 2021 Yes, it can file ITR.

sankar ponnan

sankar ponnan (Querist)

30 March 2021 SIR- If we filed, Will IT dept. issue scrutiny notice to us for non-payment of tds? Then, can we pay it and file the revised return?
Plz guide us sir
thanks in adv

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 March 2021 No, scrutiny notice will be issued in such a case.
Only notice from TDS ITO will be received.
No need for revised return.

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