Is revised return required

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 Dear Experts,

Our company have a bill of calibration charges on which TDS will be applicable, but we do not deduct TDS on it, now we deduct TDS on current date, In this condition we have need to file revised return or just pay the interest amount and show in 3rd quarter TDS return.

CA. Subhash Dangi

CA. Subhash Dangi (Expert)
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30 October 2012 Yes, U can pay the interest for non-deduction of TDS and show the same in 3rd Quarter TDS Return as it falls in same financial year.

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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30 October 2012 You Need to File revised Return if Deducting in Second Quarter.

Otherwise You May File in 3rd Quarter Also, Showing Interest on late deduction & Late payment.

If You File in 2nd Quarter Then You May Escape From Late deduction Interest.

But If You File in 3rd Quarter Then Late deduction Will Also be Charged That is 1%.
& Late Payment is 1.5%.

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Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 Thanks to both of you, to file return in 3rd quarter is best

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 Dear Ayush

Please explain me calculation of interest
like my TDS deduction liability raise in september month and i deduct TDS in october and want to payment in december what will be the interest amount.

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 Dear Ayush

Please explain me calculation of interest like my TDS deduction liability raise in september month and i deduct TDS in october and want to payment in december what will be the interest amount.