Tds demand

This query is : Resolved

neha (Querist)
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30 April 2014 Respected Experts

My query is , Our Co filed the TDS return fy 2013-14 in IIIrd qtr, but some mistake we are filed TDS Return in 24 Q ( SALARY ) but actual TDS return filed in 26 Q, As a result , we have received the the demand penalty of Rs. 100000.So we are revised the return but my problem is we have write a letter to department or not.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 April 2014 Its a big mistake. To revise you will have to make the 24Q return NIL and file 26Q afresh.

In my view it should be brought to the notice of the department before you receive another notice.

neha

neha (Querist)
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30 April 2014 but sir we are already revise the correct Tds return.So we will write a letter to Department

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 April 2014 Not only revised the return you had to make 24Q NIL by revising the return and then again file the 26Q. Its major change. So it should be brought to the notice of department. Otherwise there is bound to be another query from the department.

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