3cd
This query is : Resolved
18 July 2013
Theres one field in 3CD > 27(b)(iii) which asks for tds deducted late.
My querry is my client has paid and filed tds returns after 31/03/2013, so can this be said as tds late deducted. (how shall one prove that tds was deducted but not paid, mere book entries shall suffice)
My querry is my client has paid and filed tds returns after 31/03/2013, so can this be said as tds late deducted. (how shall one prove that tds was deducted but not paid, mere book entries shall suffice)
18 July 2013
Dear Rahul TDS Required to be deducted at time payament or date of credit (Booking of Bill) which ever is earliest.
You Have to just mention these instance of failure in tabular form under clause no 27 b
In case default made in advance payment there is no confusion about whether TDS late deposit or not.
However in case of default made in crediting the party (by not taking bill into books of account etc.even at the end of the financial year. in that case in the next year this expenses will allowed as deduction under section 37, but still TDS liability still as mentioned earlier
You Have to just mention these instance of failure in tabular form under clause no 27 b
In case default made in advance payment there is no confusion about whether TDS late deposit or not.
However in case of default made in crediting the party (by not taking bill into books of account etc.even at the end of the financial year. in that case in the next year this expenses will allowed as deduction under section 37, but still TDS liability still as mentioned earlier
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- DUE DATE FOR ITR FILING
- Residential status of non resident
- Reporting in TDS return
- Traces submitting correction statement error
- Short Term Gain Reporting ITR
- Taxation on Old jewellery sold
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
