filing of tds return

This query is : Resolved 

06 July 2007 Dear Friends,


can anybody tell me what are the consequenses & remedies for not depositing tax & filing of tds return for the particular date of 31.03.2007.


Thanks

Pawan Narang
Chartered Accountant

06 July 2007 if tds is not deposited as per dates specified in sec200(1) the amount on which tds has been deducted will be disallowed u/s 40(a)(ia) & will be allowed in the financial yaear in which it will be deposited.

06 July 2007 Interest for delay in depositing the TDS and also Penalty is leviable. The severe most consequence is disallowance u/s 40(a)(ia) which Mr. Jitender has mentioned. In addition penalty for delayed submission of TDS return as well as dealy in issuance of TDS certificate is also attracted.

CA Paras Chhajed


26 July 2012 yes i suppot to PARas



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