Dear All,
Kindly reply on the below at the earliest...
There is a client who has wrongly deducted and paid the TDS of an employee under section 194J instead of 192B and filed the TDS return in Form 26Q accordingly and not under Form 24Q. Now the return needs to be revised and the question is that now if he files return under form 24Q, then will the late filing fees of Rs. 200/- per day apply in this case?
The deductor will not rectify return and pay 200 per day penalty.
Better to file return ITR-4 or 4S and take salary as professional fees
Getting refund is the main motto no mater how you get it. The ward may be salaried ward and he may be filing return under proffesional . This is OK . Simplify the things and get refund . Thats it.
Arpan Bohra & Co
Hyderabad
CA Inter
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
