Penalty on revising tds return
This query is : Resolved
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.
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
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
- 44AD VS 44AB AUDIT
- Correction in TDS return New Traces Portal
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- TDS Return processing
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
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
