TDS RETURN OF FY. 2011-12

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manoj

student

4374 Points Posted on 17 June 2014

I WANT TO KNOW WHETHER AN EMPLOYER CAN FILE TDS RETURN FOR A.Y. 2011-12 AS HE FORGOT TO FILE THE SAME IN THAT YEAR BUT TDS WAS PAID .

NOW AS TDS RETURN IS NOT FILED HIS EMPLOEES GETTING NOTICE FROM IT DEPARTMENT.

AS THEY HAVE CLAIMED THE TDS IN THEIR IT RETURNS

SO IF HE FILE TDS RETURN NOW WHETHER HE WILL BE PENALISED ?

Replies (6)

Tribhuvan Aditya Singh

Student as well as Self-employed

3853 Points Posted on 17 June 2014

yes he can file tds return for FY 11-12. as far as penalty is concerned there was no penalty for such period so you wont be penalised except for interest on late deposit of tds and short deduction if any.

Pratik CA Final

Article Assitant

101 Points Posted on 18 June 2014

Manoj i have question for you - Wether your employer has filled a TDS return earlier than 2011-12,if yes then the income tax is going to send a notice .If no then go ahead with the return but might be that the Traces Ghaziabad might send a demand notice as well as penalty.

But in your case the TDS amount has already been paid therefore the ITO might be lenient and waive off such penalty.

manoj

student

4374 Points Posted on 18 June 2014

@ Pratik employee had filled return for 2012-13, 2013-14 but demand is for 2011-12 which is not filled but TDS is paid so my question is whether late payment will be charged as 200 wef 1.07.2012

plz tell

Tribhuvan Aditya Singh

Student as well as Self-employed

3853 Points Posted on 18 June 2014

@ manoj.. late fee is applicable for returns filed for the period after 01.07.12 and not for returns filed after this date. so you can file tds return for 11-12 without any hesitation.