Muhammed (Chartered Accountant) (251 Points)
30 June 2016OUR COMPANY REGULARLY DEDUCT TDS FROM EMPLOYEES MONTHLY AND IT PAYS IT TO CREDIT OF CENTRAL GOVERNMENT WITH IN THE TIME, BUT RETURNS FOR THE YEAR 2015-16 HAS NOT YET FILED, I WANT TO KNOW WHETHER
1. ANY PENALTY U/S 234 E WOULD BE INITIATED IF I FILE ALL THOSE DEDUCTIONS AS THE DEDUCTIONS ARE FOR Q4 OF 2015-16
2. WILL THERE BE ANY OTHER CONSEQUENCES
REGARDS
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 30 June 2016
have you deposited the TDS deducted or not
Harshit Kabra (INVESTOR)
(Student CA final)
(1113 Points)
Replied 30 June 2016
|
Quarter Ending |
Last Date Of Filing Return |
Last Date Issuance of Certificate of Form 16 |
Last Date Issuance of Certificate of Form 16 A
|
|
30th June |
15th July |
30th July |
30th July |
|
30th September |
15th October |
30th October |
30th October |
|
31st December |
15th January |
30th January |
30th January |
|
31st March |
15th May |
30th May |
30th May |
1.Not Filling Of Tds Return With In Due Date:-
1. 200/- Per Day From Due Date Date Of Filing.
2. Actual Tds Amount.
2.Delay In Payment Of Tds Amount.
Case (1):- Deducted But Not Paid.
1.5%P.m From The Date Deduction to till the date of Payment.
Case(2) :- Not Deducted And Not Paid.
1 % P.m From The Date Of Deductible to Actual Date Of Deduction.
1.5% P.m From The Date Of Deduction To Till The Date Of Payment.
Absolutely my this chart will help u in more clearly understanding.
Muhammed
(Chartered Accountant)
(251 Points)
Replied 30 June 2016
@ saurabh singh : i had deposited those deducted tds in time
Harshit Kabra (INVESTOR)
(Student CA final)
(1113 Points)
Replied 30 June 2016
furthere, u have reason for that not able to fill return then it must be proved ,no liability will arise then to u.
further more, no penalty in 271h will arise if -
So if u file return before the expiry of one year of filling return date , then feel free no liabilty will be arise to u.
regards
CAclubindia
