Tds

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preet prakash (Querist)

24 July 2013 Its a construction AOP, contract exps.about 3cr.Tds is neither deducted nor paid from f.y. 2011 till 2013.project is WIP,i m suppose to file revised return for
f.y. 2011-12, should i deduct TDS on the invoice date wise / on 31.3.2012.or shld I do d follwing entry
1. pre operative.exps Dr.
To Bank / cash A/c. in f.y. 2011-12
2. Contract exps. Dr.
To Pre operative exps. for subsequent yrs.
to avoide interest on TDS & Exps. disallowance.but i hv issued Form 16A & paid 1.5lacs , hw to deal?????????
plz reply soon

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

24 July 2013 https://www.caclubindia.com/experts/tds-1380069.asp

Please follow the above link.
.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

24 July 2013
From where you have got Form 16A ?
.
Please discuss in detail.

.
Whatever may be your case-

New Rules for TDS------

Whenever you deduct TDS deduct it in the current date only.
.
The Current date is the date of deposit of TDS amount into bank.

preet prakash

preet prakash (Querist)

24 July 2013 Dear CA Pras Bafna sir
I being an AOP givn Form 16A to my contractor not received.
If hv not deducted Tds for F.Y. 2010-11, 2011-12,2012-13, will my exps. will be allowed??
The project is still in WIP,it will take 2 to 3 yrs for completeion. should i capitalise the exps. / Dr. the P&L a/c.?? hw to record tds for f.y. 2010 till date. is TDS 234 E applicable
thnx