Penalty on revising tds return
This query is : Resolved
Sushant Mahajan
(Querist)
28 August 2013
If assessee(deductor) had filed his original return on time but due to some clerical mistake TDS of a deductee was not deducted and in turn not paid and hence, not shown in the respective TDS return.
But now, the assessee has paid the due TDS along with late payment interest and he wants to revise the TDS return showing this new deductee in it.
Will any penalty be imposed for this error?
Please reply soon.
But now, the assessee has paid the due TDS along with late payment interest and he wants to revise the TDS return showing this new deductee in it.
Will any penalty be imposed for this error?
Please reply soon.
CMA Ramesh Krishnan
(Expert)
28 August 2013
Penalty will not apply. only interest on delay payment only need to be paid
Message likes :
1 times
Ajay Mishra
(Expert)
28 August 2013
Hi
You can file revised TDS return without penalty with new deductee.
You can file revised TDS return without penalty with new deductee.
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