TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2010
The deducteee to which the payment for contract has been made for two quarter. Due to the provision for payment to contractors and sub contractor the single payment did not exceed Rs. 20000 and the total of the ledger balance of the deductee exceeded after two quarter. and for first two quarter TDS quarterly return has already been filled. Is it necessary to revise the TDS return for first two quarter? what about the interest charge for late payment for first two quarter as the liability has arised only after second quarter?
CMA Ramesh Krishnan
(Expert)
17 January 2010
No. Not necessary revise the TDS Return for 2 qtrs,when the amount exceeding the thershold limit that time you can deduct the whole amount of tds and remit the same and file 3rd quarter
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