TDS adjustment in Late fee

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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!!" 


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