TCS ON SALE OF IRON SCRAP U/S 206C

This query is : Resolved

RAKESH kumar (Querist)
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15 December 2009 SIR,

I HAVE DEDUCTED TCS IN MONTH OF AUG 09. SEP 09, OCT 09 AND NOV 09.
BUT WE HAVE NOT DEPOSIT TCS IN GOVT ACCOUNTAND NOT SUBMIT RETURN BEING TAN NUMBER NOT APLLIED.
NOW I HAVE APPLIED TAN NUMBER.

NOW QUES IS:-
1.) TCS CAN BE DEPOSITED MONTHLY BASIS WITH INTERST AND PENLATY AMOUNT I.E AUG09, SEP 09, OCT 09 AND NOV 09.
OR ONLY ONE CHALLAN NO. 281 CAN BE ACCPTED.

2.) NOW CAN WE E-FILED RETURN FOR Q2(JULY, AUG AND SEP 09) AND Q3(OCT, NOV, DEC 09) WITH INTERST AND PENATY AMOPUNT.

3.) HOW TO CALCLULATE INTERST AND PENALTY AMOUNT.

4.) IS IT PENALTY AMOUNT FOR NON-FILED OF TCS RETURN AND INTERSET AMOUNT FOR NON-PAYMENT OF TCS IN GOVT. ACCOUNT

PLZ REPLY............IT IS URGENT.

Pankaj Gupta

Pankaj Gupta (Expert)
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16 December 2009 TCS CAN BE DEPOSITED MONTHLY BASIS WITH INTERST AMOUNT I.E AUG09, SEP 09, OCT 09 AND NOV 09 in 4 challans.
You have to file the e return quarter wise and if you have already filed the return then revise the same.
Interest is 1 per cent per month i.e for August 09 you have to deposit 4 months interest if you pay before 31st December 2009.
Thouugh there is penalty but if you are taking action sumoto there is very rare chances of penalty.