Revised/correction statement of tds

This query is : Resolved

ashok bhurani (Querist)
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14 November 2014 Is there any time limit for making correction in quarterly TDS statement filed. If yes, what is the penalty for late filing of correction statement

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 November 2014 no. there is no limit.

the penalty(fees) for late filing TDS return is under section 234E.

ashok bhurani

ashok bhurani (Querist)
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14 November 2014 Thank you Mr. Nikhil
Further to above query.
Situation One: I have filed original statement within due date-whether I will be penalised for filing correction statement

Situation Two: I have filed original statement after due date-Whether I will be liable to pay penalty/late fees and if yes, then how many days late fees of Rs. 200/- will be paid i.e. from when it will be calculated

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 November 2014 late fees will apply only if the original statement was filed late. and that too only once. correction should not attract 234E

ashok bhurani

ashok bhurani (Querist)
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14 November 2014 Thank you very much Mr. Nikhil

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 November 2014 you are welcome friend....