e tds query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2011
If in last month of year , limit for tds exceeded , i should deduct tds on all amts paid during year from last payment. Then whether interest becomes applicable,for tds on earlier payment late deducted in last payment? how to file e - tds in such case? is it necessary to file E - tds for all Quarters or it would be sufficient to file E - tds , only for last Quarter since tax deducted only in last quarter & paid ? if one goes for filing e - tds only for last Quarter , the problem is Tax deducted & Gross amt Credited in last Quarter does not match with TDS Rate, Hence i am confused , kindly help me...!
30 March 2011
You need to deduct & pay TDS on the all amounts paid during the year.
Ideally speaking..interest on TDS on earlier payments is applicable here.
But you should instead...pay the total TDS from the last payment without any interest. In the etds return of last quarter, you should show all the amounts (combined)and the total TDS.
If you receive any query from the AO, you will have the opportunity to explain your point of view.
Ideally speaking..interest on TDS on earlier payments is applicable here.
But you should instead...pay the total TDS from the last payment without any interest. In the etds return of last quarter, you should show all the amounts (combined)and the total TDS.
If you receive any query from the AO, you will have the opportunity to explain your point of view.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital gains in IT returns
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
