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...!

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

deepak

Sasidhar B

Aniruddha Mody

Vinod Patil

THOMAS JOHN

Subscribe Now

e tds query

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Article Assistant

GST CONSULTANCY

CA Final