Tds
This query is : Resolved
02 November 2015
Sir,
If I revise the TDS returns for the F.Y2013-14 late filling penalty of Rs200/day would arise?? As the liability for deducting TDS arised at that time but due to lack of knowledge or due to some misjudgement TDS was not deducted & neither shown in the return. But now TDS along with interest upto date would be paid.
Further is there any maximum amount of interest??
Also guide me about the penalty for not deducting TDS would it be levied ? as now I am depositing the required amount without any notice or intimations from IT dept.
ANKIT AGARWAL
(Expert)
02 November 2015
Late fine not applicable when correction TDS statement is filed
Interest for late deduction is 1% per month or part thereof
Interest for late deduction is 1% per month or part thereof
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
