TDS Query

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This query is : Resolved

PRAVEEN KUMAR (Querist)

10 June 2009 Hi,

one of my client has depostied TDS for companies and for non companies in one challan

excuse he is giving that at the time of deposit of TDS he was not having details of parties. thats why this mistake has occur.

he has done this whole year. also he has also filed his e-tds return.

he is doing this for last 2 years

Please tell me any remedy for this & consequenses / penalties etc. (if any )of this overlook by thim.

Pls note : he is also not wishing to revise his return.

Thanks & Regards

Praveen

Sorabh Gupta

Sorabh Gupta (Expert)

11 June 2009 Dear Praveen

As ur client has deposited the TDS amount in one challan , Its a mistake but i dont think so that its a major mistake .

If ur client deduct & deposit the accurate amount then no issue regarding the TDS , Becoz i have seen that these type of mistakes has been made by various deductor , so dont worry ur client just issue the TDS certificate then no prob regading that............

PRAVEEN KUMAR

PRAVEEN KUMAR (Querist)

11 June 2009 Thank u very much sorabh Jee.
Thanks alot

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)

11 June 2009 I agree with the view of Mr.Sorabh but after introduction of new TDS payment & UTN system, it may be possible that by selecting wrong status of the deductees, they may not be able to receive credit of TDS deducted. We will have to wait for the new TDS system. but it is always advisable that correct status of the deductees should be selected and should be paid through different challans.

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