Tds return filing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2013 Dear all
pl help me its very urgent

we have apply for TAN in dec 12 were as our liability TDS comes from jul 12 and we have filed all the 4 qtrs in 15 may 2013. is defaults in filing is applicable to us

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 May 2013 Yes. default will apply, one the TDS liability will arise,it is deductor responsibility to obtain TAN number immediately and deposit tds and file the return properly. so your case default in TDS will apply

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2013 Is way out to avoid default penalty of rs 200 per day because amount comes in lacs

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 May 2013 No, Default will attract penalty. you can pay on demand by department