if assessee has a tds liability in quarter 2. however, he neither deduct nor file qtds return for qtr 2. Instead he deduct and paid the tds with interest in quarter 4. Now, my question is whether he requires to file return for quarter 2 or quarter 4?? In case he need to file return for qtr 2 , What about penalty as he has not filed the qurter 2 return in time?
3 Replies
Ashish Sharma
(Service)
(1028 Points)
Replied 19 June 2010
He has to file Q2 return, 100 rs. per day from the next day of due date of filling TDS return for not filling TDS return on due date. penalty will not exeed TDS amount.
Rajat Garg
(Article)
(47 Points)
Replied 22 June 2010
you dont need to file a return for quarter 2 .
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