My client has paid Rs.15000.00 p.m. without deducting TDS, to a Security Service Agency towards security service bill for last 5 months.
Now, what will be the simpliest way to resolve the problem???
pallab saikia (SERVICE) (96 Points)
13 June 2016My client has paid Rs.15000.00 p.m. without deducting TDS, to a Security Service Agency towards security service bill for last 5 months.
Now, what will be the simpliest way to resolve the problem???
Mohan
(Audit Assisstant & Accounts Manager)
(489 Points)
Replied 13 June 2016
Ruchi
(CA)
(1410 Points)
Replied 13 June 2016
Since the payment is for last 5 months , it means that some of the payment would fall in last financial year and some in this year. For the last financial year if the total exceeds 30000 then you must deduct tds and make the payments now along with interest for late payment. Thereafter you will also have to revise your tds return for the last quarter.
For this year also , you should deduct tds for april and may and get it deposited along with interest.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 13 June 2016
CAclubindia
