Liability in case of Late filing of TDS Return
This query is : Resolved
09 December 2009
Dear Experts,
Pls let me know whether any interest or penalty is to be paid in case I have not filled my TDs return in time?
Pls note, TDs is deducted & deposited in Govt Account in time.
Only delay is in filing of TDS return.
Regards,
Varsha
Pls let me know whether any interest or penalty is to be paid in case I have not filled my TDs return in time?
Pls note, TDs is deducted & deposited in Govt Account in time.
Only delay is in filing of TDS return.
Regards,
Varsha
09 December 2009
Rs. 100/- per day of delay
09 December 2009
At the time of filing of TDS return; you need not pay the penalty of Rs.100/- per day.
Any peanlty if levied by the Income-Tax Department; first of all; a show cause notice will be issued.
If there are sufficient grounds due to which you could not file the TDS Return; then penalty proceedings may be dropped.
Ca Rakhecha
Surat
Any peanlty if levied by the Income-Tax Department; first of all; a show cause notice will be issued.
If there are sufficient grounds due to which you could not file the TDS Return; then penalty proceedings may be dropped.
Ca Rakhecha
Surat
10 December 2009
And what in case I need to file a correction return?
What is the time limit for such returns?
What is the time limit for such returns?
10 December 2009
Act is silent about revise TDS return so you should revise immediately as soon you come to know that correction is required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
