Tds return
This query is : Resolved
24 January 2013
Is filing Quarterly TDS return compulsory in case of private company?
We have missed the due date of 15th Jan,is there any penalty for the same?
We have not deducted any TDS from April 2012 till date.
We have missed the due date of 15th Jan,is there any penalty for the same?
We have not deducted any TDS from April 2012 till date.
HUZAIFA HUSSAIN
(Expert)
26 January 2013
IF THE COMPANY IS MAKING ANY PAYMENTS WHICH ATTRACT TDS, THAN IT IS THE RESPONSIBILITY OF THE COMPANY TO DEDUCT AND REMIT THE TDS WITHIN THE TIME FRAME OR AFTER THAT ALONG WITH THE INTEREST.
SINCE U HAVE FAILED TO DEDUCT THE TDS THE SAME CAN BE DEDUCTED NOW AND PAY IT ALONG WITH THE INTEREST. PENALTY FOR LATE FILING OF RETURN IS RS.200/-PER DAY OF DEFAULT WEF JULY' 2012 ONWARDS
SINCE U HAVE FAILED TO DEDUCT THE TDS THE SAME CAN BE DEDUCTED NOW AND PAY IT ALONG WITH THE INTEREST. PENALTY FOR LATE FILING OF RETURN IS RS.200/-PER DAY OF DEFAULT WEF JULY' 2012 ONWARDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
