TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2010
DEAR SIR,
WE HAVE DEDUCTED TDS ON CONTRACT AT THE TIME OF ACCOUNTING THE EXPENDITURE. THE TDS LIABILITY REMAINED UNPAID FROM APRIL TO MARCH. INSTEAD OF MAKING CHEQUES FOR EACH MONTH A CONSOLIDATED CHEQUE WAS MADE IN THE MONTH OF MARCH FOR THE TDS LIABILITY OF THE WHOLE YEAR. IN LIGHT OF THIS IS TO POSSIBLE TO SHOW THE SAME CHEQUE IN ALL THE 4 QUARTERS WHILE PREPARING THE QUARTERLY RETURNS. PLZ ADVICE.
WE HAVE DEDUCTED TDS ON CONTRACT AT THE TIME OF ACCOUNTING THE EXPENDITURE. THE TDS LIABILITY REMAINED UNPAID FROM APRIL TO MARCH. INSTEAD OF MAKING CHEQUES FOR EACH MONTH A CONSOLIDATED CHEQUE WAS MADE IN THE MONTH OF MARCH FOR THE TDS LIABILITY OF THE WHOLE YEAR. IN LIGHT OF THIS IS TO POSSIBLE TO SHOW THE SAME CHEQUE IN ALL THE 4 QUARTERS WHILE PREPARING THE QUARTERLY RETURNS. PLZ ADVICE.
Aditya Maheshwari
(Expert)
02 July 2010
In the 4th qtr return only put all the details of amount paid / credited column with the actual date of payment & credit. In the date of tax deduction column put any date of the 4th qtr return before the date of tax payment.
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