234e payment

TDS 563 views 9 replies

Maruthi

Tds Returns Preparer

207 Points Joined March 2012

Dear All,

Can anybody calrify this issue?

for example a deductor wants to file the 4th quarter tds return for the f.y.2013-14, on 18.05.2014.

1.delay from the due date(15.05.2014) = 3 days.

2.but the deductor wants to pay the 234E challan on 18.05.2014 for Rs.600/- only.

3.but the tds challan will appear in nsdl, only after 3 days from the date of payment. So, Challan will be credit on 20th or 21st May, But, If the deductor files the return on 21st may(because the matching of challans is mandatory for the filing of tds return), the IT department issue demand for Rs.1,200/- (200+200+200+200+200+200).

kindly suggest.

Regards

Replies (9)

Income Tax Wala: (Fin. Expert)

Chartered Accountants

2015 Points Joined August 2010

This is very tricky question

but i think you are not liable to pay 1200/- as this is not your fault. you should pay only 600/-

but others views are also desirable

Maruthi

Tds Returns Preparer

207 Points Joined March 2012

even it is not our fault, we have faced many times that the IT department was issued several demands as i mentioned above.

Mihir

Wealth Manager

5293 Points Joined December 2008

Pay only 600/-, because you are filing return after 3 days on 18th from the due date and not after 6 days on 21st.

Maruthi

Tds Returns Preparer

207 Points Joined March 2012

But MATCHING OF CHALLAN IS MANDATORY to file the TDS Return, So, If I pay the 234E challan on 18.05.2014, I can't file the return on same date, because that challan will not matched on the same day and an ERROR FVU FILE will be generated. So, We Cant file on 18.05.2014.

amit kinlekar

B.Com

21 Points Joined March 2013

boss v?ry simple file tds return within due date excluding challan which is not shown in nsdl and rev ret after nsdl data updated

SHARANABASAVARAJ

STUDEND

22 Points Joined December 2010

There should be an oral clarification with the income tax department with this matter this problem is facing by several persons but office made in ghaziabad is making much more difficulties throughout india, to remove this communication problem every income tax office must made as also TDS office and remove TRACES Ghaziabad