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
yes. you can correct the TDS return with adding new deductee and challan. penalty will not apply. interest on late payment only apply.
Message likes :
1 times
28 August 2013
Thank You so much sir
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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