Tds
This query is : Resolved
07 October 2016
R/sir
I am accountant in a pvt. ltd. company at Kanpur U.P. I did not deducted the tds from payments of Parties for the period of Ist quarter April to June.16, but in july I did due the all tds dues against party transactions for the April to July in one entry and deposited in next month up to 7/08/16,
sir, I want ask u that did I wrong working regarding tds and can I not show the deducted tds in the tds return of IInd quarter
Regards
I am accountant in a pvt. ltd. company at Kanpur U.P. I did not deducted the tds from payments of Parties for the period of Ist quarter April to June.16, but in july I did due the all tds dues against party transactions for the April to July in one entry and deposited in next month up to 7/08/16,
sir, I want ask u that did I wrong working regarding tds and can I not show the deducted tds in the tds return of IInd quarter
Regards
07 October 2016
Yes this is the wrong process. U must deduct TDS as soon as u make payment or post the entry of the transaction in books of accounts. By this way u did not pay the interest on late payment of TDS.
Message likes :
1 times
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
- CLOSING STOCK QUERY
- Short Term Gain Reporting ITR
- IT returns for fresh job holders
- F&O reporting in ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
