banner_ad

Amount deducted as TDS before the date of issuance of TAN.

2776 views 3 replies
TAN is alloted by department in the month of November but TDS was deducted before the date of allotment of TAN against certain payment.

Whether TDS deposit and return filing is possible against such deductions ???
Replies (3)
Pay TDS immediately, alongwith interest ( if delayed).

File TDS quarterely Return with panalty ( if delayed) .

Deductions made towards TDS however, before TAN , it's better to pay and file TDS return.

Another option is to refund TDS to those persons for whom you deducted TDS . But this will result in failure to deduct TDS by you and facing it's consequences.

Better to be late then never
A penalty up to 10,000 can be levied, if a person deducts tax at source doesn't have a TAN. Whether it would be better to refund TDS to those person from whom I deducted TDS. Because I was not holding TAN for those periods for which TDS has been deducted.

In such case you need to deposit TDS and need to file TDS RETURN along with applicable Interest, Fees or Penalty.
However, You can request your Ward assessing officer in order to get yourself exempted from Interest and penalties if he is satisfied that you have sufficient unavoidable reasons due to which this default happened.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details