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TDS return filing

V.PASUPATHY (Final student) (164 Points)

27 February 2011

Hi to ALL,

Could you please any one assit me in this below situation

I am preparing TDS return for proprietor (tax aduidt) concern, the last 3 quarter TDS not deucted and not filled the etds return.

Can I file the last quarter eTDS return for this AY 2011 - 2012 or Annual etds retun.

What is the procedure for Annual etds return.

Thanks in advance

Pasupathy V

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6 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 27 February 2011

you have to file tds return quarterly with interest.

CA KRISHNA KUMAR DARUKA (CHARTERED ACCOUNTANT) (4458 Points)
Replied 27 February 2011

You have to deduct TDS which has not been deducted otherwise tax auditor will report it in audit report and the total expenditure will be disallowed. After deducting you have to file quarterly tds returns with interest. There is no provision of annual tds return.

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Rachit (Ca-Final Article.) (565 Points)
Replied 28 February 2011

There is no provision for Annual TDS Return

you have to deduct TDS of all the parties and have to deposit the same before or upto 31st march of this year with a panelty of 12%P.A.(Calculated on days basis) and then you have to file the return ...........

you have to do the same as early as you can otherwise your client will have to pay a good panelty amount as late filing of tds return will be penalised @ 100per day so i suggest you to file your client return as early aS YOU CAN.............