tds
This query is : Resolved
05 November 2009
we have to pay to contractors for the bill of 30th september 2009.
what rate of tds shall i deduct if i am making payment to them in november 2009.
what rate of tds shall i deduct if i am making payment to them in november 2009.
05 November 2009
If the transaction is booked before 01/10/2009 old rate will prevail. Other wise post amended rate should apply.
05 November 2009
we have already filed the tds return for quarter from july to september 2009. and i dont want to revise the return filed .
so shall i book the transaction in current date and deduct the tds at old rates ?
so shall i book the transaction in current date and deduct the tds at old rates ?
05 November 2009
No, you can not do as per your own choice !!!
Its all about laws... and as per the rules one has to deduct TDS on credit or payment, whichever is earlier,,, and if the bill date occurs in Sep09, you can not book the same at your convenience.
In my opinion you have to file a revised return else take contractor bill dated on or after 1.10.09.
Its all about laws... and as per the rules one has to deduct TDS on credit or payment, whichever is earlier,,, and if the bill date occurs in Sep09, you can not book the same at your convenience.
In my opinion you have to file a revised return else take contractor bill dated on or after 1.10.09.
05 November 2009
Mr. Maheshwari is right. I agreed with him go on as Mr. Maheshwari.
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