Forgot to File Q1 24Q and 26Q TDS Returns

CA JK (Student) (187 Points)

19 October 2019  

Hi

 

I forgot to file TDS Return for Q1 for the AY 2020-21 for both 24Q & 26Q, there are no deductions for 24Q, but for 26Q every month Rs.2,000/- TDS Challans paid for Apr, May & June 2019. If I file now It will attract penalty of Rs.6,000/-. Kindly advice if I can file these challans in Q2 itself ? If I file so will the company receive any notice from the department ?

 

What is the best solution to avoid the penalty ? Also let me know if it is a good idea to file NIL return for Q1 in TRACES and then proceed with Q2 returns ? If so then the Return filing software asking "Receipt no. of earlier statement filed for Form 24Q & 26Q".

 

Kindly give me the best solution for the above problem, as my boss will bang me if he comes to know that I forgot to file return and if any notice will come...!!

 

Please please please help me...

 

Thanks