Tds

This query is : Resolved

Jitendra Kumar Sahu (Querist)
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16 December 2014 A Pvt. Ltd Co. paid rent of Building per month of Rs. 17500 but forgot to deduct TDS from April,2014. From the month of Oct,14 we have deducted 5250 till Dec,14 paid remaining amount. After Dec,14 we will pay the rent after deducting 10% TDS. The tabular data are as follows:
Month,Rental,TDS to be deducted, Net amount to pay, Actual Deduction, Actual amt paid
April 17500 1750 15750 17500
May 17500 1750 15750 17500
June 17500 1750 15750 17500
July 17500 1750 15750 17500
August 17500 1750 15750 17500
Sept 17500 1750 15750 17500
Oct 17500 1750 15750 5250 12250
Nov 17500 1750 15750 5250 12250
Dec 17500 1750 15750 5250 12250
Jan 17500 1750 15750 1750 15750
Feb 17500 1750 15750 1750 15750
March 17500 1750 15750 1750 15750
Total 210000 21000 189000 21000 189000

Pls advise we violated the TDS provision

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 December 2014 No you have not violated TDS provisions.

Jitendra Kumar Sahu

Jitendra Kumar Sahu (Querist)
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16 December 2014 Thanx Seetharaman

Actually my senior said that you violated the TDS Provision.

Anyone here to advise/comment on this so that i can prove i am not wrong.

Pls comment for me.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 December 2014 Your senior is right in saying so. But you are finding way to come out of the problem.

Jitendra Kumar Sahu

Jitendra Kumar Sahu (Querist)
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16 December 2014 The Reason behind to come out of the problem is that i have joined the company in the month of August but while observing the violation from day 1 i want to sort it out and deduct the TDS as explained earlier so that without violating the provision and make the deductee be happy.

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