Tds inaccurate penalty upto 1 lacs?
This query is : Resolved
07 May 2012
from 1 st july inaccurate tds returns may attract penalty upto 1 lacs rs.
what it does to inaccurate?
plesae elaborate .
what it does to inaccurate?
plesae elaborate .
07 May 2012
Inaccurate means if any of the details in the return are wrong then penalty may be imposed.
Examples are, mentioning of challan no without actually paying the challan; Mentioning wrong PAN of the deductee just to avoid the 20% TDS; Mentioning any unintentional information with intent to evade tax, etc.
Examples are, mentioning of challan no without actually paying the challan; Mentioning wrong PAN of the deductee just to avoid the 20% TDS; Mentioning any unintentional information with intent to evade tax, etc.
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