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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
