Quick Answer: What If TDS Return Is Not Filed?

How do I know my TDS return has been filed?

Step 1: Visit the income tax e-filing portal at the URL http://www.incometaxindiaefiling.gov.in/home.

Step 2: Log in to the e-filing portal with your log in credentials.

Step 3: Select the ‘View Filed TDS’ option under the ‘TDS’ tab..

Who should pay TDS?

Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time of making such specified payment. But no TDS has to deducted if the person making the payment is an individual or HUF whose books are not required to be audited.

Can we file first TDS return online?

Step 5: How to upload TDS return online on E-filing portal To file Tax Deducted at Source (TDS), user must visit NSDL website to prepare and generate the file.

When TDS returns are to be filed?

TDS Return FilingQuarterQuarter PeriodTDS Return Due Date1st Quarter1st April to 30th June31st August 20182nd Quarter1st July to 30th September31st October 20183rd Quarter1st October to 31st December31st January 20194th Quarter1st January to 31st March31st May 2019Apr 25, 2020

Can we file TDS return without Challan?

If you have not deducted any TDS and wants to file TDS return, in this case you can use NIL CHALLAN to file NIL TDS return. NIL TDS Return is with no deductions in deduction details and no challans (NIL CHALLAN Indication).

How many times we can file revised TDS return?

1. How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once.

How can I correct my PAN in TDS return?

Steps to make Online PAN Correction in TDS Return on TRACESLog in to TRACES. Log in to TRACES – Enter User Id, Password, TAN or PAN and captcha.Navigate to request for correction. … Enter the required details. … Request number. … Search the request. … KYC Validation. … Type of correction. … Required corrections.More items…•

How is TDS penalty calculated?

Due Date of TDS Return :Delay in filing TDS Return (In Days) :Late fee for fiing TDS Return u/s 234E amounting to Rs 200 per day (maximum to TDS amount) :Penalty u/s 271H is applicable which is Rs 10,000 (may be exteded to Rs 1,00,000) :

How can I file TDS return?

STEP 1: Accessing the TDS Software. … Adding Deductors. … Starting Work on the Returns: Update the required data (challans,STEP 4: Verify the PAN of Deductees by using TRACES: … STEP 5: Challan Verification with OLTAS: … STEP 6: Validate the Return: … STEP 7: Generate FVU file and download to submit:

How can I revise my 24q TDS return?

Procedure for Filing Revised TDS Return This type of correction is known as C3. Add/delete salary detail records. This type of correction is known as C4. Update PAN of the deductee or employee in deductee/salary details.

Is it mandatory to file TDS return?

TDS return filing is compulsory for all the assessees who fall under the tax slab as prescribed by the Income Tax Department. It is compulsory to e-file the TDS returns and it can be done through the official Income Tax e-filing portal. It is mandatory that the TDS returns are submitted on time by the deductors.

How can I get TDS refund?

You just need to visit the income tax portal and login to download the relevant form for an income tax refund. Enter all the particulars and submit the form. If the employer has deducted tax when you are not eligible for it, you can claim the amount by filing income tax returns (ITR).

Can TDS return be revised?

To revise your TDS returns, you will need to have the consolidated file and justification report. The consolidated file, also known as conso file, contains data of the deductions made in a particular quarter and the justification report has information on the errors in the filed TDS return.

What is the penalty for non filing of TDS return?

Late filing fee Under Section 234E, you will have to pay a fine of Rs 200 per day (two hundred) until your return is filed. You have to pay this for every day of delay until the fine amount is equal to the amount you are supposed to pay as TDS.

Can we file TDS return after due date?

Failure to file your TDS returns within the due date will mean that you will be subject to a late filing fee of Rs. 200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.