3CD

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ashwani agrawal (Querist)
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26 August 2009 If any party TDS deducted on time but late deposited and TDS return is also file after due date .......should we show it in 3CD report ? and where it will shown ?

Jitender

Jitender (Expert)
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26 August 2009 yes, it is to be shown in form 3CD

M Prabhakar Menon

M Prabhakar Menon (Expert)
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26 August 2009 Yes against item 27 of 3CD report

ashwani agrawal

ashwani agrawal (Querist)
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26 August 2009 but in point no 27 there is about (I) Tax Deductible and not deducted at all
(ii) Shortfall on accoount of lesser deduction than rewuired to be deducted
[iii] Tax deducted late [iv] Tax deducted but not paid to the credit of the central Government

there is nothing about late deposit or late filling return...then how we can qualify our report.

CA Binal Shah

CA Binal Shah (Expert)
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27 August 2009 Dear U r right that in Form 3CD there is nothing abt late deposit of TDS. So as per the plain reading of 3CD, u r under no obligation to report on the same. But for ur safer side, if u want to mention it, u can mention it in ur notes on accounts forming part of ur report that so and so amt of Tax on so and so Exps. is deducted in time but deposited late with required interest to be paid on it,if so paid.

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