I have query related to New Tax Audit report. It contains 4 points related TDS in Point 27 b (i to iv)
I wish to know the exact meaning of point 27 b (iii) term i.e. Tax Deducted Late.
For example, labour bill dtd 27/04/2012 in this case, TDS date is 07/05/2012. But Actual date of deposition is 15/07/2012. Is this case of Tax deducted late?
Under new 3CB-3CD template, the govt has specifically categorised TDS payble in Point 27 b under 4 categories viz.
1) Tax deductible & not deducted at all 2) Shortdall on account of lesser deduction than required to be deducted 3) Tax deducted late 4) Tax deducted but not paid to the credit of the Central Govt.
I wish to know under which category following two examples fall.
Example 1: Bill Date: 04/07/2013 then Date of TDS: 04/07/2013 & Due date of payment: before 07/08/2013 Actual Date of payment: 15/08/2013
Example 2: Bill Date: 04/07/2013 Date of actual TDS: 10/07/2013 Actual Date of payment: 06/07/2013
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