ETDS Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 I am a bank manager I have paid rent for 15(April'2009 to June'2009) months and deducted 15 months tds and deposited in july'2010.
now leased holder ask for 16A to claim refund...
my question is how to file ETDS return before sept month end ?
how to give 16A for F.Y. 2009-10 TDS deduction for 15 month total deduction ?

help me pls

thanks in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2010 (April'2009 to June'2009) i think its (April'2009 to June'2010).
In this case pay TDS quarterwise along with interest and file your return and issue TDS certificate.

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 thanks for reply sir,

i want to know

i have paid rent of Rs. 434760/- [( 28984(rent)*15(month)]- 43476 (10% tds) = 391284 Paid after deduction...
i have already deposited rs. 43476/- tds in bank on july'2010
what should i do now ?

hope for reply again.

thanks in adavance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2010 Have you paid the amount through single challan? And what is the date on which rent was booked in books of accounts?

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 yes its deposited in single challan
what happened if rent booked in july'2010 ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2010 But books are maintained on accrual basis. Since the Rent pertains to earlier year it should be booked in the year to which it relates.
No the only way out is you book the rent in july. And issue TDS certificate. But the person you are paying should also show the income in current year.

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 thanks for replies,

pls explain how to file etds return

confusion is .... how to biefercate tds in two different years and how to validate it with challan date and amount

thanks in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2010 On which date rent was booked and on which date TDS was deducted?

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