Tds extra deposited and tds deducted and not deposited

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NEHA AGARWAL (Querist)
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08 July 2013 One of my deductee's of TDS u/s 194J had deducted TDS and not deposited. I came to know from the 26AS form. what happens now? Can/should I show that income and what about the TDS?

Second question is One of my deductee's of TDS u/s 194J has shown an additional income of 20k and deposited 2k as TDS. Now my taxable income has increased without any actual income. The return for 12-13 has to be filed by july end. Can anything being done in the FY 12-13 and FY 13-14

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 July 2013 1. You have to show the income at full amount.
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You have to advise your client to file the TDS return as the earliest possible. Also tell him to remain ready to pay a late fee of RS. 200/day for late filing of TDS return
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2. The amount is still receivable so advise him to make payment of the balance amount after TDS i.e. Rs 18000.

NEHA AGARWAL

NEHA AGARWAL (Querist)
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08 July 2013 Sir,
1)He has filed the TDS return but has not deposited the TDS for two months.

2)the amount is not receivable, that is not my income/earning. He by mistake has shown an income of 20000 and deposited TDS of 2000.The amount is not received/receivable as its not an income.
He has deposited TDS of 2000 and increased by income by 20000 on which being in the 20% bracket, I will have to pay tax of 4000. Is there a solution to deal with this?

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