Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
My (company) Tan No. issue in December. I will be liable to deduct tax after issue of tan no. or beginning of the financial year. If i will start to deduction from next what is disadvanage for me ?
Amol S Joglekar
(Expert)
20 September 2012
TAN needs to be applied for taking into account the liability date of deducting income tax from various payments. It seems that you have applied LATE. Deduct TDS of earlier payments and deposit the same with govt along with interest.
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