TDS eFiling
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2011
plz explain me tds defaults and its consequences,
for examlpe: i deducted tds amount 4500 in 2008 but not deposited.now can i deposit that amount and file return??
plz suggest me.
Thanx in advance.
for examlpe: i deducted tds amount 4500 in 2008 but not deposited.now can i deposit that amount and file return??
plz suggest me.
Thanx in advance.
18 July 2011
Yes. You can deposit the same and file return. But you stand liable to penalty u/s 221 for late deposit of TDS which is 100% of the TDS amount (Max).
Also a penalty for late filing of return may be imposed (Rs 100 per day of continuing default subject to Max of TDS amount but this is rarely imposed).
So just go ahead deposit the TDS and file the return. No need to pay any penalty until demand is raised by the department. But deposit the TDS along with interest.
Also a penalty for late filing of return may be imposed (Rs 100 per day of continuing default subject to Max of TDS amount but this is rarely imposed).
So just go ahead deposit the TDS and file the return. No need to pay any penalty until demand is raised by the department. But deposit the TDS along with interest.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
