Tds
Querist : Anonymous
In ay 2012-13, tds was 600/- on the payment of 6000/- u/s 194J. This was the gross receipt of the assessee and due to short amount of tds assessee did not file return for the same. In the Ay 2013-14, tds is Rs. 20000/- on the payment of Rs. 2 lacs.
Whether in return of ay 2013-14, assessee can claim tds deducted in ay 2012-13.
As the assessee did not file the return for AY 2012-13 he can not claim Rs. 600/- TDS in AY 2013-14.
.
As such Rs. 600/ a short amount in AY 2012-13, has reduced to Zero due to non filing .
.
It is an experiment on my side. Try it may just work. You have nothing to loose.
On the other side belated return of AY 2012-13 can still be filed till 31.03.2014 but it is not advisable to file the same for refund of Rs 600/- as a penalty of Rs 5000/- may be levied by AO u/s 271F.
Querist : Anonymous
in short 271F penalty will be applicable on those who are required to file return under section 139(1)
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