Ours is a pvt.ltd.co.We have paid Rs.36,000 p.m in 2008-09 and Rs.1,13,157 p.m in 2009-10 as Directors remuneration for one director without deducting TDS.And also we have already filed eTDS returns for the said two years. Please advice on how to proceed further with a solution for this happened mistake.
31 January 2011
In case of the FY 2008-09 just keep quiet. In case of FY 2009-10, you can deduct now and together interest remit and file revise the TDS return.
If the concerned director filed his return including the above said income, then the department do not have right to ask you to pay once again.(Case law is there). But you may be penalised for non compliance of TDS provisions. That is rare now a days
CAclubindia
