Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
hi i am venkatesh cwa final student
we took a poultry farm on lease we have to pay 1 lack per month i deducted tds 10% and deposited to it dept for 4 months of 40000/-we paid 3 lacks to party and i prepared a cheque 60000/- (but he no received)
but he had taken letter from it dept on 29-7-2011 that deduct of 2% only the party asked you can deduct 8000/-only (2000*4 months)
you can pay 92000/-
but in certificate shows payments or credit by whatever name called whichever is earlier from 29-7-2011 to 31-3-2012
please help me
what i do
we took a poultry farm on lease we have to pay 1 lack per month i deducted tds 10% and deposited to it dept for 4 months of 40000/-we paid 3 lacks to party and i prepared a cheque 60000/- (but he no received)
but he had taken letter from it dept on 29-7-2011 that deduct of 2% only the party asked you can deduct 8000/-only (2000*4 months)
you can pay 92000/-
but in certificate shows payments or credit by whatever name called whichever is earlier from 29-7-2011 to 31-3-2012
please help me
what i do
18 August 2011
Verify the date mentioned in the lower tax deduction certificate issued u/s 197 and only form the effective you you should do the deduction at lower rate or if it is for the financial year 2011-12 then for the whole year.
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG on ETF gold & silver
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
