Tds

TDS 726 views 7 replies
TDS Query: • Is there any solution for waiver of 234E of Income Tax. • Interest on late deposit of TDS- if TDS is credited on 31st March 2014 and deposited on 1st May 2014-what is delayed period- 2 Months or 3 Months? • If the demand in TDS notices are of Rs. 10, 20 ,30 i.e. Below Rs.100/=. Whether we should deposit or not. • where demand of late deposit interest in TDS notices are deposited , in that cases whether correction returns are required to be filed or demand will be squared up in default manner.
Replies (7)

TDS Query: • Is there any solution for waiver of 234E of Income Tax. • Interest on late deposit of TDS- if TDS is credited on 31st March 2014 and deposited on 1st May 2014-what is delayed period- 2 Months or 3 Months? • If the demand in TDS notices are of Rs. 10, 20 ,30 i.e. Below Rs.100/=. Whether we should deposit or not. • where demand of late deposit interest in TDS notices are deposited , in that cases whether correction returns are required to be filed or demand will be squared up in default manner.

1. Request to waive send to Commissioner of TDS, They may accept.

2. Delayed period is 3months.

3. Don't know, i think we have to.

4. we have to file correction return.

I thnik U/s 234 E of Income Tax Act, there is no caluse to condone the delay in filing of TDS retrun even by CIT. Comment.

CA Alok Goel

1. 234e is a mandatory section and waiver not possible..... 2. delayed period is 2 months - april and march..... 3. you should pay such amt to avoid any future prb..... 4. you need to file correction statement after you have paid late payment interest.

1. 234e is a mandatory section and waiver not possible..... 2. delayed period is 3 months  3. you should pay such amt otherwise demand u/s 221 will be raised for non payment of demand 4. you need to file correction statement after you have paid late payment interest.
 

Dear all

I think delay of tds deposit 3 month. march april & may.

 

Thanks

Ramanuj

 

 

Delayed period 3 months if deposited on or after 1st may till 31st may. Rest all replies are correct. Revision in tds return is recommended.
Due date for payment of tds is 7 day of following month so delay period 2 month Mar n apr


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