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This query is : Resolved

surender singh (Querist)
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24 February 2012 hi can anyone clear that below problem

we are a firm & received one job work invoice of 2 november on 2february, after 3rd qtr return submitted.

1 can we take it in february & iv th qtr return or
2 we shoul have revised return & also submitted challan with interest of that amount.

3 in a firm can we deposit our tds challan on qtrly basis in place of monthly ,
4 what is the current challan interest rate after due date . if it is 1.5 p.m.?

plz cinfirm me these problem , i wiil be very grateful to you.........................

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 February 2012 1.yes. since the bill is received on feb you can account it on feb and deduct TDS and pay
2. no need to revise the return and interest payment

3.TDS payment monthly need to make. even firm also monthly only
4.If you deducted the tds and not paid to Govt with in due date then 1.50% per month

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