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Tds wrongly deducted

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(Querist)
30 October 2014 friends, if a person has wrongly deducted Tds of a person and dedposited with income tax deptt but actually there was no requirement of deducting Tds and he also did not filed Tds return with deptt considering that there is no need as he has deducted Tds wrongly but now in 26As default is shown under Tds defaults for not filling return. amt of tds was only rs.40. now what should he do, if he file the return then whether sec 234E fees is also to be paid or just ignore it
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 October 2014 234E will apply in this case.....
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SANIA

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SANIA (Expert)
30 October 2014 Can he ignore this default and do not file the return as the amount is very small, and if he files return it will result into to pay fee 200 per day
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 October 2014 No. Penalty of Rs 200 is subject to maximum of TDS amount involved.
Just file the TDS return without paying any penalty.
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