TDS not deposited on time

We have deducted the TDS as on 31.03.08 but neither paid the same into the Govt. A/c nor issued the Form 16A to the deductee for the same amount. We didn't hear anything from deductee but have to make the payment. My query is that what we should do for the revised return & revised Form 16A. regards, Arvind
Replies (2)

You need to pay the TDS to the credit of Central Govt alongwith Interest and then issue the certificates.

You also need to revise the ETDS returns.

Arvind you need to check the amount of TDS not deposited. It is not easy to revise the TDS return. The revise returm will replace the original return, which mean you have to issue TDS certificate to all the parties again with the new acqnowlegement number.

You also got to see if the party is due for any refund for the concerned assessment year. This is the only time when the department will call for TDS certificate. Otherwise the detail provided in his ITR is sufficient (i hope you are able to get the scapegoat)

with regards

piyush

 

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