Tds wrongly deducted
This query is : Resolved
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
30 October 2014
234E will apply in this case.....
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
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.
Just file the TDS return without paying any penalty.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
