banner_ad

TDS adjustment in Late fee

Tax queries 820 views 7 replies

Dear Expert,

my question is, if i am filing A.Y 2023-24 ITR and there is a TDS of Rs 20, then it can be adjusted for late fee of Rs 1000 for belated return, and have to pay net amount of Rs 980 ?

or i have to pay 1000 for the late fee without adjusting TDS ?

and there is a TDS, so is he eligible for file belated ITR for the first time ?

Thank you 

 

 

Thank You

Replies (7)

If you have declared income against which the TDS has been deducted, the software will take care of it and only balance would be payable.

Even for first timer bealted return u/s. 139(4) can be filed.

So i have to pay only net amount for Late fee u/s 140B after deducting TDS amount 

example late fee is 1000 and TDS is 20 Rs

net 980 have to pay under late fee ?

Generally the TDS is not adjusted against late fee. It is the minimum amount due.

Secondly, if there is refund, you cannot file ITR U.

If, TDS should be unclaimed, then can we file it ? without claiming TDS amount 

Yes; but better to pay a bit more after claiming it.

means better to pay late fee + TDS amount under late fee ?

example

late fee Rs 1000

TDS 100

late Fee payable - 1100

A bit confusion...

Adjust it to "Late fees + tax payable a bit more than TDS value!!" 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details