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 apply only for non payment of TDS. since you have paid the TDS,penalty will not apply. only delay payment interest
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