Late deduction of tds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2012
I forgot to deduct tds on professional fees of Rs.50000 in July 2012. Now in december it came in my notice and now I want to deposit it with 1% interest from the date it was deductabe and 1.5% to the date actually deposit. But I had filed tds return for the period of July to Sep. now i dont want to revise return. Is there any provision regarding this.
Pls help.
Pls help.
22 December 2012
Hi
You can deducted TDS in the month of December itself and deposit the TDS along with the interest on late deduction of TDS.
In this case, TDS return for Q2 will not be required to be revised since deduction will be in Q3 only
thnx
You can deducted TDS in the month of December itself and deposit the TDS along with the interest on late deduction of TDS.
In this case, TDS return for Q2 will not be required to be revised since deduction will be in Q3 only
thnx
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
