tds
This query is : Open
16 August 2016
we received labour bill in April,16. but we have not deduct TDs. in August we have deducted TDs with late deduction interest & late payment interest,now my ca asked to us TDs return will be filed in first qtr. then traces imposed penalty 234e, because due date is 31 July 2016. but our knowledge the same TDs details show in second qtr 16. & we have already paid late deduction interest,qesti
17 August 2016
whether the return is filed as 1st quarter? if so , whether the challan paid in 2nd quarter matched with return?
Section 200(3) specifies filing of statement of TDS within due dates after the deduction of tax only. Unless there is deduction no question of filing returns and no penalty can impose. Only interest as mentioned by you need to pay.
17 August 2016
we have deposited tax in second qtr,for first qtr labour bill,is it mandatory show in first qtr?
17 August 2016
No you cant show in 1st. As mentioned above after deduction only You can file returns.
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