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Tds

Suman Kumar Agrawal (Chartered Accountants) (226 Points)

16 August 2012

One of my client was not deposited TDS on interest for the year 2011-12. Can he will deposit with interest & file the return?

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6 Replies

CA Saiyum khan (Practicing CA) (690 Points)
Replied 16 August 2012

He can pay the tax and file the return. Provided the deductee has not filed his return of income. If he has filed the retrurn then he need to file the revised Return to claim the credit of TDS.

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Gaurav Tripathi (Working with DIAGEO-Leading Drinks Manufacturing Company) (210 Points)
Replied 16 August 2012

You can file the fresh return for the concerned year. kindly provide more info like which assessment year it belongs. So, that I can be more particular and clear.

However a return can be filled upto 2 years. For e.g. for F.Y. 2011-12 ideal time is 31st July,2012 but it can be filled upto 31st march 2013 and even upto 31st march 2014.

With tax - interest and penalty.

Gaurav Tripathi (Working with DIAGEO-Leading Drinks Manufacturing Company) (210 Points)
Replied 16 August 2012

Originally posted by : Suman Kumar Agrawal
	One of my client was not deposited TDS on interest for the year 2011-12. Can he will deposit with interest & file the return?

Kindly clearify what you mean by this highlited line.

sachin sharma (ACCOUNTANT) (42 Points)
Replied 17 August 2012

if anyone not pay the interest amount then he pay a single challan of interest in which section he require and file the return if file earlier then revised.