banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 September 2017 If event occur in the financial year 16-17 ( date 06.12.16 ), but party send the bill

in May 2017 ( Bill date appear 06.12.16 ) The contractors bill is applicable for TDS.
The said bill is accounted in Sept.2017.

Can we are liable to interest for late deduction & late payment.

Thanking You

Regards
Rajkumar Gutti
Profile Image

A.Senthil Subramanian

Profile Image

A.Senthil Subramanian (Expert)
24 September 2017 Being Bill dated as 06.12.16, you may account it as it is and pay the TDS with interest and file a correction return for Q3 of FY 2016-17. Because you also not accounted the expenditure in FY 2016-17 and deductee also cannot account it in that FY. But if the deductee wants to account it in FY 2016-17 he may loss the TDS.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details