Tds returns
This query is : Resolved
24 October 2013
my CA filed TDS returns yearly for april 2012 to march 2013 instead of quarterly and now I got penalty to be paid from TRACES for late filing the returns of rupees more than 10000 so what should I do?
my CA says many people have got such notice but no one will pay so I also don't pay
please advise
my CA says many people have got such notice but no one will pay so I also don't pay
please advise
24 October 2013
No way out. You will have to pay the penalty u/s 234E.
24 October 2013
dear sir
thanks for your prompt reply but what I have heard is that the maximum amount of penalty can not exceed the total tds amount so is it true?
thanks for your prompt reply but what I have heard is that the maximum amount of penalty can not exceed the total tds amount so is it true?
24 October 2013
Yes. Its true. Penalty is subject to maximum of TDS amount involved.
24 October 2013
thank you sir
can you guide me how and under which section I pay this amount and what should I do after paying this amount of penalty. I got the intimation on 21st june 2013 for Q2 and Q3 of FY 2012-13 and on 3rd September 2013 for Q1 of FY 2013-14
can I pay all at one time or separately
the amounts are as under:
rs. 7,640
rs. 1,870
these both are of FY 2012-13 recd. on same date that is 21st june 2013
rs. 200
this one is of FY 2013-14 recd. on 3rd September 2013
what would be the amount with interest if you can give me
thanks a lot
sundip kothari
can you guide me how and under which section I pay this amount and what should I do after paying this amount of penalty. I got the intimation on 21st june 2013 for Q2 and Q3 of FY 2012-13 and on 3rd September 2013 for Q1 of FY 2013-14
can I pay all at one time or separately
the amounts are as under:
rs. 7,640
rs. 1,870
these both are of FY 2012-13 recd. on same date that is 21st june 2013
rs. 200
this one is of FY 2013-14 recd. on 3rd September 2013
what would be the amount with interest if you can give me
thanks a lot
sundip kothari
24 October 2013
Pay the amount separately using ITNS 281.
See the challan from below link--
https://law.incometaxindia.gov.in/dittaxmann/incometaxrules/pdf/challanitns-281.pdf
Fill the amount under "Fee under sec. 234E".
Select any section like 94C, 94h etc for which the return was filed. Select the concerned Assessment Year.
After payment write a letter along with the copy of the challan intimating that the payment has been made and keep the acknowledged copy of letter in your record.
See the challan from below link--
https://law.incometaxindia.gov.in/dittaxmann/incometaxrules/pdf/challanitns-281.pdf
Fill the amount under "Fee under sec. 234E".
Select any section like 94C, 94h etc for which the return was filed. Select the concerned Assessment Year.
After payment write a letter along with the copy of the challan intimating that the payment has been made and keep the acknowledged copy of letter in your record.
24 October 2013
thank you sir but do I pay only those amounts are should I add interest since I am late and secondly isn't it possible to make payment online and if yes how can I?
24 October 2013
Just pay the demand as directed. You can pay online. See link given below and select ITNS-281:
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
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