TDS Penalty
Tejas (student) (26 Points)
10 May 2017Tejas (student) (26 Points)
10 May 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 10 May 2017
Tejas
(student)
(26 Points)
Replied 10 May 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 10 May 2017
Tejas
(student)
(26 Points)
Replied 10 May 2017
Tarun Modi
(Chartered Accountant)
(36 Points)
Replied 11 May 2017
Hello Tejas,
Advance tax is the tax that one depoist for himself/herself. While TDS is the tax that you deposit on behalf of others.
Hence, there is no provision to to set of your advance tax with the TDS you want to deposit as both are different of type and of different persons.
There is no relief from the amount of penalty also and hence proceed to deposit the TDS amount ASAP.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)