Tds not deposited for non pan holders
This query is : Resolved
10 October 2013
Company has collected TDS from non pan holders but it has not deposited with the IT department. company has deposited amount only for the Pan holders.
Is it possible to deposit the amount now as the due date is over by Sept. 30 ?
Is there any penalty and if yes, whats the penalty amount ?
Can the non pan holders get the TDS certificate ?
Awaiting your reply experts ! Thanks in advance
Is it possible to deposit the amount now as the due date is over by Sept. 30 ?
Is there any penalty and if yes, whats the penalty amount ?
Can the non pan holders get the TDS certificate ?
Awaiting your reply experts ! Thanks in advance
10 October 2013
the said expenses shall be disallowed in your tax computation.
The penalty for late deposit of TDS is a separate issue and the interest penalty has to be paid. Earlier the better.
If you deposit the taxes in now, you can claim deduction for the corresponding expenses in the next assessment year.
problem of issuing TDS certificate is that you need to download TDs certificate from TDSCPC website. Without PAN certificate won't generated.
The penalty for late deposit of TDS is a separate issue and the interest penalty has to be paid. Earlier the better.
If you deposit the taxes in now, you can claim deduction for the corresponding expenses in the next assessment year.
problem of issuing TDS certificate is that you need to download TDs certificate from TDSCPC website. Without PAN certificate won't generated.
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