A B Kundu (Professional) (1422 Points)
04 October 2018A Govt. aided school didn't file its TDS Return for the FY 2010-11 and FY 2011-12 but the tax deducted on the teachers' salaries had been deposited in the credit of the govt.
Now, is it possible to file TDS Return for those FY?
If yes, then what is the amount of penalty or late fee or like that?
raja sekar
(1435 Points)
Replied 05 October 2018
A B Kundu
(Professional)
(1422 Points)
Replied 05 October 2018
| Originally posted by : raja sekar | ||
 |
Yes you can file the TDS FY 2010-11 and FY 2011-12. The late filing is at the rate of Rs 200/- per day or total amount of TDS in that quarter whichever is lower. Just prepare the TDs return and submit it to TIN-FC without paying the late fee if its accepted then no need to pay late filing fee. If the type of deductor is government then it will surely accept without late. You can also contact me at admin @ schooltds. com |  |
Thanks for your valuable reply. One more thing that I want know that is whether I need to file TDS Return for each quarter of 2010-11 and 2011-12 or just Q4 of 2010-11 & 2011-12 which would include all the deductions made during the 4 quarters?
raja sekar
(1435 Points)
Replied 05 October 2018
A B Kundu
(Professional)
(1422 Points)
Replied 05 October 2018
Okay, Thank you so much for the guidance.
shashi
(student)
(31 Points)
Replied 25 June 2019
Moreover late fee can be levied only for returns from 01.06.2015 onwards. is there any provision or case law in this regard available with u? if yes, kindly share the same.
CAclubindia
