Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2012 Dear Experts,

fy 2010-11, a Party (organization) provided a life skill training (with TLM) to us and raised two bill amounting 82,802/- and 83,970/-
accountant booked bills and credited to Party.He did not deduct TDS.

Now, We have to pay to party credited amt.

please suggest me what should be done?

T&R

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 June 2012 Deduct TDS at the time of payment.

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2012 interest will be applicable?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 June 2012 Yes interest will be applicable @ 1% from the date on which TDS was required to be deducted to the date on which TDS is actually deducted.

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