filling tds return when tds deducted for whole year

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CA L. Ram Kumar (Querist)
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27 August 2008 Actually we have deducted tds from various parties under different sections for the financial year 2007-08.
However, we didn't remitted the same to central government within due dates.But we have deposited on 31st march,08 as a whole.

We are in dilema how to file return for the a.y 2008-09.

Please advise me sir.

Regards
Ram kumar

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Expert)
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27 August 2008 If you are talking about eTDS, then the due date is already gone. But you can file the belated e-TDS return.

What about the issue of TDS certificates?

RAJAN GUPTA

RAJAN GUPTA (Expert)
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28 August 2008 There are two solution for these problem

case 1. if tax is also deducted in last quarter

if the ur client has deducted the tax in the last quarter for all the quarter and deposited the same also in one challan then fill only q4 return and show the all tax deducted in one return .while filing this return please keep in mind the provisions of the section 40 (a)(ia) also.

case-2:if your client has deducted the tax from the deductee's in respective qtr but deposited the tds in one quarter then file the return of respective qtr and in challan detail fill the challan deposited with full amount and not the amount assigned to the challan in respective qtr means each qtr in challan detail you fill the actual amount deposited in the challan so that challan detail are matched with details available with the NSDL

while implementing the above suggestion pls keep in mind section 40(a)(ia) provision so that no dis allowance of expenses may be happen

I assume here that you have deposited separate challans for each section

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