Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 an individual liable to deduct tds but has not. he has not obtained TAN no.
is it possible for him to deposite tds under any other head or he has to obtained tan no. compulsory.

what are the consequences of above.

08 September 2011 You have to obtain TAN Number and then Deduct TDS and deposit it through your TAN A/c and then file the return.

Otherwise it will amount to non following of TDS provisions and the expenses will be disallowed and also other interest and penalty on non deposit of TDS and non filing of return.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 PLEASE TELL THE INTEREST AND PENALTY AND ALSO THE RELEVANT SECTIONS.




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