TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2010
My one of client constructing the building (fixed assets) on his on plot.He gives the contract of construction to the the company.
While paying the advances ( in Fy.08-09) he forgot to deduct TDS.
now he wants to deduct (in Fy. 09-10) the tds & wants to revise Income tax return.
can he do so? what is the impact on tax calculation for late deduction & payment of TDS?
While paying the advances ( in Fy.08-09) he forgot to deduct TDS.
now he wants to deduct (in Fy. 09-10) the tds & wants to revise Income tax return.
can he do so? what is the impact on tax calculation for late deduction & payment of TDS?
CA Sanjeev Kr Jain
(Expert)
18 February 2010
since it is fixed assets than there is no disallowance so no need to revise return, tds may be deducted & paid now
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