Set off of penaly Against TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2011
Dear sir
Mr. A has TDS for the for the AY 2008-09 but he didnt filled his return.....
now he want to claim refund of the same....
but if he filled his return there is the penalty of Rs. 5000 and the TDS amount is Rs. 11000.....
Now my Question is weather he is required to pay penalty in cash or can the penalty be adjusted from the TDS amount....
Mr. A has TDS for the for the AY 2008-09 but he didnt filled his return.....
now he want to claim refund of the same....
but if he filled his return there is the penalty of Rs. 5000 and the TDS amount is Rs. 11000.....
Now my Question is weather he is required to pay penalty in cash or can the penalty be adjusted from the TDS amount....
05 February 2011
If the tax refund is more than Rs. 5000/- ,no need to deposit the penalty amount.You have mentioned TDS amount, what is the net refund amount? It is not necessary to get the TDS amount in refund.
Guest
Guest
(Expert)
05 February 2011
In routine, return for A.Y. 2008-09, can not be revised now.
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