REGARDING TDS PROVISIONS
This query is : Resolved
08 September 2009
REGARDING APPLICABILITY OF TDS PROVISIONS
IF SOMEONE HAS NOT PAID OR CREDITED RS 20000/- AT SINGLE TRANSACTION OR NOT EXCEEDED RS 50000/- LIMIT U/S 194C THOUGH HE HAS DEDUCTED TAX. WHETHER TDS PROVISION BECOMES APPLICABLE? IF HE HAS STARTED DEDUCTING TAX FROM VERY 1st MONTH i.e. FROM APRIL MONTH SO WHAT WOULD BE DUE DATE APPLICABLE FOR HIM? WHETHER DISALLOWANCE GETS ATTRACTED UNDER ANY PROVISION?
IF SOMEONE HAS NOT PAID OR CREDITED RS 20000/- AT SINGLE TRANSACTION OR NOT EXCEEDED RS 50000/- LIMIT U/S 194C THOUGH HE HAS DEDUCTED TAX. WHETHER TDS PROVISION BECOMES APPLICABLE? IF HE HAS STARTED DEDUCTING TAX FROM VERY 1st MONTH i.e. FROM APRIL MONTH SO WHAT WOULD BE DUE DATE APPLICABLE FOR HIM? WHETHER DISALLOWANCE GETS ATTRACTED UNDER ANY PROVISION?
Late CA Sampat Jain
(Expert)
08 September 2009
ONCE DEDUCTED YOU HAVE TO PAY IT .
DISALLOWNCE WILL NOT BE ATTRACTED , BECAUSE YOU WERE NOT LIABLE AT ALL TO DEDUCT
DISALLOWNCE WILL NOT BE ATTRACTED , BECAUSE YOU WERE NOT LIABLE AT ALL TO DEDUCT
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