Tagged: Income Tax
We had deducted Tax Deduction at Source (TDS) from the professional fee paid to a lawyer about 9 months back. However, we forgot to deposit this TDS and also forgot to include this TDS amount in our TDS return for that quarter. What should be done now?
If some TDS amount was deducted but not deposited on time, then you may deposit this TDS amount now along with the applicable interest and penalty, if any.
Further, you may revise the TDS Return for the relevant quarter after paying this TDS, if such Return had already been filed.
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