Tds e filing

This query is : Resolved

Share Report Follow Query Ask a Query

ADVOCATE NUSRAT

ADVOCATE NUSRAT (Querist)
Follow

15 February 2016 is it neccessary to deposit the tds online?????
for whom it is neccessary??????

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

15 February 2016 Yes, it is mandatory for below Assessee to make the TDS/TCS payment online

a) All the corporate assesses.
b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.

ADVOCATE NUSRAT

ADVOCATE NUSRAT (Querist)
Follow

15 February 2016 thanks and about previous question regarding laudry bill

ADVOCATE NUSRAT

ADVOCATE NUSRAT (Querist)
Follow

15 February 2016 WHAT ARE CONSEQUENCES IF AFTER FALLING UNDER 44AB U CANT FILE TDS ONLINE????

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
Follow

15 February 2016 TDS has to be deposited online and the quarterly return has to be filed online. Non deduction of TDS would result in the expense being disallowed during assessment. Further, if TDS is deductible and there is a delay in deducting and depositing TDS then interest is leviable. Further under section 234 E a late fee for delay in filing quarterly TDS Return at the rate of Rs.200 per day will be levied subject to a maximum amount equal to TDS.

ADVOCATE NUSRAT

ADVOCATE NUSRAT (Querist)
Follow

16 February 2016 what are the consequences if i deposit the tds amount manually in bank & not online

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

16 February 2016 No consequences notified,

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