Sir/Mam,
We(Employer) deducted TDS of one of our employee(retired in july2017) in Apr17 Rs14320 to which we filled 24Q Q1 and in August17 Rs85000 to which we filled 24Q Q2 but for Q3 & Q4 we didn't filled any return for that assesse since there was nil tax.
Now we came to know that for Q4 we have to file Annexure 2 24Q compulsorily but the same was not filled and its due date being 31May2018.
Kindly suggest what to do now and the amount of penalty we are liable to pay for not filling the same ??
Also in his Form 26AS his tax amount of 14320 and 85000 is reflecting but in form 16 generated from traces its not showing that amount of tax, kindly suggest will it create any problem in his ITR processing ??
Your kind answer is awaited.
Thank You
CAclubindia
