Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2013 If we file TDS return by supposing TDS liability say Rs. 500 but actual liability is Rs. 150000 & return filed after 6 months from due date . We paid Charges U/S 234E Rs. 500. Before issuing Demand U/S 271H we again filed correct revised return.
What is the consequences on such condition? Whether charges U/S 234E further extended? and if we furnished correct revised return before any demand notice then 271H would be applicable or not?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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20 August 2013 You can do so when there is no cash flow or bank balance but when you file the final revise return you have to pay interest up to the date of filing of revised return.