Tds for previous months

This query is : Resolved

Ganesh Patil (Querist)
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08 December 2012 Dear Sir,
one of our vender raised a labour charges Invoice of Rs. 15,000.00 in May 2012, that time i did't deduct TDS ( due to TDS Limits ) now in Nov. he raised a Invoice of Rs. 65,000.00 & I deducted his TDS on Rs. 65,000.00.
But what about his previous bill of Rs. 15,000.00 can I deduct his TDS now ? or is there any other processure ?

thanks in advance

Ganesh Patil

vaithy

vaithy (Expert)
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08 December 2012 you need to deduct the TDS amount on 15000 also.because he crossed the limit

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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08 December 2012 Yes, You Have to Deduct TDS on 80000/- and Remitt to Goverment.
I Mean You Need to Deduct TDS on 15000 Also.

Ganesh Patil

Ganesh Patil (Querist)
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08 December 2012 Thanks for advice , sir.
but on which month should I deduct the TDS ?
Actually I booked this bill ( Rs. 15,000)in May 2012 & I filled return for this period. now I have to revise the return or can I deduct TDS on current month?

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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08 December 2012 No Need to revise.
fill in this quarter beacuse tds applicable in this quarter only.

Ganesh Patil

Ganesh Patil (Querist)
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08 December 2012 ok,
I will deduct TDS this month.
& will pay to govt. with interest.

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