Tds applicablity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2013
i already filled tds returns for First three quarters nil & in fourth Quarter two parties exceeds the cut off amount,so my question is 1) i have to cut tds on whole amount or only exceded amount?
2) If i have to pay tds on whole amount then From which date interest to be calculated?
3) is it necessary to revised all three quarters tds returns or should i disclose whole amount of tds deposited in Fourth Quarter?
2) If i have to pay tds on whole amount then From which date interest to be calculated?
3) is it necessary to revised all three quarters tds returns or should i disclose whole amount of tds deposited in Fourth Quarter?
17 July 2013
1. Need to deduct the TDS on whole amount
2.while deducting tds after threshold limit no need to pay interest
3.no need to revise the previous quarter, which qtr the amount exceeded that quarter can show the details
2.while deducting tds after threshold limit no need to pay interest
3.no need to revise the previous quarter, which qtr the amount exceeded that quarter can show the details
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