Tds payment

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2012 We have paid TDS of F.Y. 2011-12 Q4 by our company's old TAN no.So what are consequences for that.

What are the procedure for taking refund?

If we file NIL return is there ant penalty for that and will they refund the amount?

TDS department is saying they will not accept letter for change in TAN.We have to pay again that amount.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 October 2012 There is no restriction on having multiple TAN, so Tds paid in different TAN also can be counted as complied the TDS provisions

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 TDS has been deducted from other TAN and paid from any other TAN so is there any non compliance of payment of TDS?

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 October 2012 While deducting there is no requirement of TAN given in any place. also both TANs are under same company, there will not be any non compliance

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2012 On non payment TDS Expenses are not deductible from Income in that situation what are consequences ?

TAN is different and First Company is liquidated.