Tds

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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

Amol S Joglekar (Expert)
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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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