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
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.
CAclubindia
