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Tds inaccurate penalty upto 1 lacs?

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07 May 2012 from 1 st july inaccurate tds returns may attract penalty upto 1 lacs rs.


what it does to inaccurate?
plesae elaborate .
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
07 May 2012 Inaccurate means if any of the details in the return are wrong then penalty may be imposed.

Examples are, mentioning of challan no without actually paying the challan; Mentioning wrong PAN of the deductee just to avoid the 20% TDS; Mentioning any unintentional information with intent to evade tax, etc.
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