Tds
This query is : Resolved
07 May 2012
Bill Date :- 27/03/2012 (100000)
Bill Payment :- 10/04/2012 (99000)
TDS Pay online :- 20/04/2012 (Amount + 1% Intrest)(1000+100)
Its due in financial year 2011-12
is it right??
Bill Payment :- 10/04/2012 (99000)
TDS Pay online :- 20/04/2012 (Amount + 1% Intrest)(1000+100)
Its due in financial year 2011-12
is it right??
07 May 2012
Assuming the rate of TDS as 1%, take into account the following -
Due date of payment is 30th April, 2012, so there is no question of interest. Yes, the payment of TDS is due in for Financial Year 2011-2012 only. It is because, TDS arises on the event of payment or credit whichever is earlier.
Due date of payment is 30th April, 2012, so there is no question of interest. Yes, the payment of TDS is due in for Financial Year 2011-2012 only. It is because, TDS arises on the event of payment or credit whichever is earlier.
07 May 2012
As per tds arises on the event of payment or credit...
so it should be deposited with government before 7th April.
it is deposited on 20 th April so 1 % interest ...
so it should be deposited with government before 7th April.
it is deposited on 20 th April so 1 % interest ...
07 May 2012
For the deductions in the month of march, i.e. from 1st March to 3st march, the due date is 30th April, 2012. So no need of interest.
07 May 2012
okkk so it is on the basis of payment deduction
if deduction is made on 10th april and so tds must paid before 30th april or 7 th may??
if deduction is made on 10th april and so tds must paid before 30th april or 7 th may??
07 May 2012
and I already paid tds::
E.g
bill Date : 27/03/2012
Amount : 100000
Bill Payment Date : 10/04/2012
Amounnt : 99000
TDS Payment Date : 20/04/2012
Amount : 1100(10000 + 1 % intrest )
So culd i get it back
E.g
bill Date : 27/03/2012
Amount : 100000
Bill Payment Date : 10/04/2012
Amounnt : 99000
TDS Payment Date : 20/04/2012
Amount : 1100(10000 + 1 % intrest )
So culd i get it back
07 May 2012
As payment is later, TDS should be done as per credit only. However, if there is any credit or payment in April, then due date is 7th May.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
