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TDS

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(Querist)
21 April 2016 Client has deposited Rs. 2.5 lacs being TDS However, TDS pertaining to payment to director rupees 350000 is not yet deposited. It intends to deposit after 4 -5 month How to show it in TDS return ?
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
22 April 2016 No amount can be shown till amount has been deposited on account of government.
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S. G. GUPTE

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S. G. GUPTE (Querist)
22 April 2016 That is OK. But client has deducted TDS from payment to Director; due to financial reasons, it require period of 4 - 5 months. That is "Deducted but not deposited".
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
22 April 2016 Amount deducted but not deposited will levy interest @1.5% per month which should be deposit along with amount of TDS.
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