Tds penalty

This query is : Resolved

Deepak (Querist)
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01 July 2013 there is diffrence in TDS deducted in 26AS and form 16 by Rs 80 because amount has been wrongly posted more by rs80 in tds salary return for qurter ending 31-12-2012 but employer refused to revise the return and saying that if he do so then penaty of rs 200 per day will be levied for furnishing wrong info in tds return u/s234E so how to file return without revising and how to claim TDS form 26AS or from form16.please reply?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 since the employer had refused to correct TDS return, file the ITR as per actual (i.e. as per Form 16).

If TDS is short by Rs 80, pay self assessment tax before filling the return

if TDS is more by 80, then there is no problem.

Deepak

Deepak (Querist)
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01 July 2013 in 26AS rs 80 entry is passed twice wrongly so form 26AS is wrong.and is it true to correct rs80 amunt in 26AS by revising tds return, penaltyof rs 200 per day will be levied which comes to more than rs 36000. how is it possible just to correct rs 80 penty u/s 234E will be near rs36000?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 No penalty is levied for correction of particulars of TDS.

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