i have a firm. i am paying interest to a finance institution around 1 lakh per month.
i have not taken TAN but deducted the TDS amount from it. i take TAN after the due date of filing tds return. and i not payed tds.
here i liable to pay late fee u/s. 234E and interest
If any solution to escape from it
late payment is crucial penalty that would cost Rs. 200/- per day, hope you'd know about it.
instead of filing the return after due date.. file the next quarter retun mentioning late deduction which will cost you jus late deduction interest at 1% pm..
(for Ex: instead of filing Q3 after its due date, mention all the deductions as late deduction and file the Q4 return)
O P Bagla & Co LLP
New Delhi
CA Inter
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Triveni Turbine Limited
Bengaluru
CA
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