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TDS pENALTY REDUCE

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NARENDRA

ACCOUNTS MANAGER

2213 Points Posted on 23 August 2023

I Filled tds return of f.y. 22-23 . I forget about the penalty on time then i realize but it got vain because demand notice is generated. So my question is that if i revised 3 quarters & turned into nil & include all the transactions in 4th quarter then demand of penalty will reduced or not ??

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Quick Summary

This discussion explores strategies to reduce a TDS penalty after a demand notice has been generated. The proposed solution involves revising the TDS returns for the first three quarters to nil and consolidating all transactions into the fourth quarter. This approach aims to potentially lower the overall penalty amount. The consensus is that this revision can be performed online via the TRACES portal.