TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2010 In case a company has taken a TAN number after a period of one year after the time they should have taken ,so what will be penalty for the time TDS not deducted /not deposited & return not filled for that period.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 June 2010 Penalty
1.TDS amount which is not deducted by the company

2. The related expenses will be disallowed

Querist : Anonymous

Querist : Anonymous (Querist)

23 June 2010 So means in case it files return now ,they have to deposit the TDS not deducted plus again the same amount as penalty?& In case they deposit this still expenses will be disallowed?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 June 2010 Expenses will be disallowed sure and Penalty you can pay on demand by the department

Message likes : 1 times

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
Follow

23 June 2010 best to deduct the tds on the date it should be, deposit the tax now with interest, file tds return now

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now