Tds return filing

This query is : Resolved

Vilasagaram Ravinder (Querist)
Follow

05 August 2013 We filed TDS Return after Due Date,So we received Notice U/s 234E.For such payment of Interest which section i have to mention for Nature of Payament in challan no.281,because we hahe Payaments U/s 94C&94J?Please give the solution for aforesaid problem.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

05 August 2013 You can mention any of the section which have majority deduction in the return, since penalty section not having impact in challan

Message likes : 1 times

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
Follow

06 August 2013 Ramesh sir. u/s 234E query. What about the ITD stand regarding 234E penalty? Because in FY 2012-13 more Non-Government TAN holding Assessees and maximum all TAN holding Govt Assessees are not filed their ETDS Returns in the stipulated time. (This year 1st Quarter also.) Govt organisations (like schools, DEO, AEEO offices even Treasury Offices) dont have any knowledge about ETDS. They told that they have remitted their IT from their salary itself. This is their concept. What will be the ITD stand in this regard. Is there any possibility to waive 234E penalty for FY 2012-13? Non-Government TAN holding Assessees highly oppose this daily Rs.200 penalty.

Upgrade to CAclubindia Pro. Subscribe Now!

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

06 August 2013 The main object of the sec.234E to streamline the TDS return filing by the deductor on time to avoid the delay in getting credit of TDS for deductee to their PAN. Because of number of deductors not filled the TDS return, hence the department initiated this action and also once the penalty under sec.234E levied, not to be waived off. so that will make the deductor to file the return on time

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
Follow

06 August 2013 Yes sir. I Know about it. But waiving of FY 2012-13 penalty and creating awareness about ETDS and its importance among the Dedectors will give good results. Because the willing dedectors also fear about the 234E in FY2012-13 and hesitate to file ETDS. Now what we can do? So that I told about waiving. For myself, what idea I can give to non-filing deductors who wish to file ETDS for FY 2012-13 now,is critical one. Ok we will wait for all.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

06 August 2013 TDS deduction and return are not new concept for deductors and taxpayers. this very old and know all the deductors. when the deductor ready to pay the TDS amount or paid the tds amount, they should aware the returns also, incase they are not well versed with the return procedure they might have taken guidance from field experts, not aware of the procedure or not aware of the process is not justifiable reason in any act and also department initiating all the activities to make aware deductor about their process.

Keeping quite without filling the returns to avoid the penalty are not possible,because TDS is now management like chain.. once you deducted TDS your vendor will not leave you without getting credit that deduction in their PAN and if you are paying only tds,not filling returns also not possible,since your data base trigger to the department as payment made,return not filed. even they both are leave,your auditor will not leave.so it is not easy to avoid the TDS returns without filling