Meaning of tax deducted late

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Suraj (Querist)
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24 August 2013 Dear Sir/Madam,

I have query related to New Tax Audit report. It contains 4 points related TDS in Point 27 b (i to iv)

I wish to know the exact meaning of point 27 b (iii) term i.e. Tax Deducted Late.

For example, labour bill dtd 27/04/2012 in this case, TDS date is 07/05/2012. But Actual date of deposition is 15/07/2012. Is this case of Tax deducted late?

Kindly revert.
Thanks,
Suraj

CA M Indani

CA M Indani (Expert)
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24 August 2013 Dear,

Point of deduction -TDS
Credit or payment whichever is earlier..

Your bill date is 27/04
TDS ded. dt is 07/05
and deposit dt is 15/07

hence case is of late deduction as well as late payment.

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Suraj

Suraj (Querist)
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27 August 2013 Dear Sir / Madam,

Under new 3CB-3CD template, the govt has specifically categorised TDS payble in Point 27 b under 4 categories viz.

1) Tax deductible & not deducted at all
2) Shortdall on account of lesser deduction than required to be deducted
3) Tax deducted late
4) Tax deducted but not paid to the credit of the Central Govt.

I wish to know under which category following two examples fall.

Example 1:
Bill Date: 04/07/2013 then
Date of TDS: 04/07/2013 &
Due date of payment: before 07/08/2013
Actual Date of payment: 15/08/2013

Example 2:
Bill Date: 04/07/2013
Date of actual TDS: 10/07/2013
Actual Date of payment: 06/07/2013

Kindly reply

Thanks,
Suraj