Tds return

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This query is : Resolved

Ashish Mishra (Querist)

01 May 2014 One of my client has deducted TDS from rent every month but niether he has paid nor he has filed return till december. In jan he has paid whole tds till january but return not filled. Thereafter he has paid monthly tds.

Now to save him from late fee u/s 234E and interest on late payment can we file TDS return of q4 directly showing no liablity during liability of TDS during last 3 qtrs?

Please let me know if any other way possible.
Also consequence of the above.

Thanks in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)

02 May 2014 no. you need to show tds on monthly basis...file all the quarterly returns...pay interest and 234e fees.

showing everything in Q4 would be a false statement and would unnecessarily complicate the matter...needless to say 234E and interest liabilities will still exist.

Rupesh Jain

Rupesh Jain (Expert)

02 May 2014 if you do in last quarter then amount of TDS not match with party a/c statement .

and certificate also not match. and in assessment securtiny then you have to pay intt on late deduction of TDS.

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