Tax deducted at source of contractor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2012
IF A COMPANY PAY ANY AMOUNT TO IT's CONTRACTOR AGAINST HIS WORK DONE AT ANY TIME,IS IT LAWFUL TO DEDUCT THE TDS AMOUNT AT THAT SPECIFIC TIME.SO,WHAT IS THE TIME LIMIT TO DEPOSIT TDS OF A CONTRACTOR.ANY PENALTY WILL BE CHARGE ON NOT DEPOSIT THE TDS BEFORE THE TIME LIMIT.
CA. Sameer Kashikar
(Expert)
18 April 2012
Time limit for paying interest is 7th of Next month
if no tax is paid late payment interest will have to be paid
if no tax is paid late payment interest will have to be paid
Murtaza I Bhagat
(Expert)
19 April 2012
yes agree with expert
there are two ways to deduct tds when credited or paid
there are two ways to deduct tds when credited or paid
CA PRAVEEN SINGH
(Expert)
19 April 2012
Right said above...
20 April 2012
I agree with the expert's opinion
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
