Tds returns related query
This query is : Resolved
05 October 2015
An original TDS return for the Q4 of FY 2014-2015 was already filed well within due date.. But due to changes in PAN the return was revised a month later..
During tax audit conducted later on, the auditors found that the TDS for few parties was not deducted and hence directed to file the returns..
Now the query is
1. can a correction return be filled again..?
2. What interests and penalties will be attracted therein..?
3. What shall be the time duration for submission of such return..??
05 October 2015
1.Yes, you can revise return again.
2. As it is just PAN correction there won't be any interest or penalty, as the tax is already deposited.
3.
05 October 2015
After correcting the PAN only the concerned party will get credit for. so no time duration .
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