Penalty of Late Tds filing

281 views
User Avatar

1 Points Posted on 26 June 2021
Client had not filed tds returns for Q1,2,3 for Fy20-21 but challan for each month paid correctly.Now if we want to file tds returns for all the Quarters without penalty then can we consider all the details of Q1 -Q3 as details of Q4 ?This is for Salary.
0 Reply Share Follow
On 26 June 2021 at 14:59 Report
Replies (3)
Quick Summary
A client paid their TDS challans on time but failed to file the returns for Q1, Q2, and Q3 of FY20-21. They are inquiring if the data from these missed quarters can be consolidated into Q4's filing to avoid penalties. The consensus is that this is not possible, and quarter-wise returns will likely need to be filed with applicable late fees.

User Avatar

CMA
13117 Points Posted on 26 June 2021
Q1-Q3 data cannot be considered under Q4. Quarter-wise return to be filed with late fee as applicable to each quarter.
Reply
On 26 June 2021 at 15:04
User Avatar

Chartered Accountant
24588 Points Posted on 27 June 2021
No it's not possible
Reply
On 27 June 2021 at 06:11
User Avatar

Practising CA
8954 Points Posted on 27 June 2021
There can be a way out depending on your data. We can still try. @ Parvathi Sai
Reply
On 27 June 2021 at 19:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading