ETDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 I want to know what we have to do ?
i am a branch manager of reputed bank..
for ETDS my consultant says that we have to filed return as per deduction qtrly records not as per quarter records.
means if we deduct tds on 30 and deposited on 3-4 of next month so in first qtr. april to june there in only two month records april & may bcs june deducted tds will be deposited in july in next qtr.?
my consultant is doing right or wrong ? pls tell me
and he also says that in last qtr. salary return 24Q there is all tds deduction records we have to show in last 4th qtr. even we deposited after march ?

pls give me urgent reply

what about my consultant?

he is doing right or wrong ?

thanks to all experts who will be given helpful replies... in advance

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 June 2010 For your clarification

April-June Quarter means - the deduction during the April to June period need to incorporate the quarterly return

For 24Q 4TH quarter we need to file the salary details of the employees

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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08 June 2010 agreed with expert
April to June Quarter mean - TDS deducted during this period, whether it is deposited in next quarter.

In case 24Q, last one year ago ,there was facility that you can show only deduction in first 3 quarter. All details of employee was shown in march detail.

But now since last year , software has not taken only deduction entry, now you have feed salary data monthwise with dedution.
you can change deduction in last quarter as per actual.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 thanxs for reply sirs,
i want to know about 194c that its also month wise like 24q or not ? as per b.k. bansal sir says .

thanks once again.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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08 June 2010 yes, details of all tds for all sections will be monthwise.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 June 2010 Sec.194C - Non salary return. All the quarter return is same. there is no separate provision for q4 like salary

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 but how can we tallied with serial no. in anexure-I deduction details if I have to entered for june which tds deposited in july. how to entered date in anexure-I tallied with challan serial no.

thanxs for your early knowledgaable reply.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 June 2010 Challan date beyond the qurater can be accptable in TDS return

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