Tds for previous months
This query is : Resolved
Ganesh Patil
(Querist)
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
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
08 December 2012
you need to deduct the TDS amount on 15000 also.because he crossed the limit
CA Ayush Agarwal
(Expert)
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.
I Mean You Need to Deduct TDS on 15000 Also.
Ganesh Patil
(Querist)
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?
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
(Expert)
08 December 2012
No Need to revise.
fill in this quarter beacuse tds applicable in this quarter only.
fill in this quarter beacuse tds applicable in this quarter only.
Ganesh Patil
(Querist)
08 December 2012
ok,
I will deduct TDS this month.
& will pay to govt. with interest.
I will deduct TDS this month.
& will pay to govt. with interest.
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