TDS for salary interst& Comm


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2010 in a company TDS deducted from its employee, on interest on loan and paid amount of commition to party, for Rs. 2400/- 52000/- 36000/- total 90400/- my question is "does it deposit entir amount in one chalan," 2nd query is should company have to make three TDS return or one, please solve it

18 November 2010
1. TDS under different sections have to be deposited through seperate challans

i.e Deposit TDS on Interest { Section 194A } in one challan and Deposit TDS on Commission { Section 194H } in other challan.

2. TDS Return have to be made Qtrly.
1st Qtr - Apr to Jun
2nd Qtr - Jul to Sep and so on.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2010 what about TDS on salarysalary , company has to file three returen in 1st quarter for salary , intrest and commission TDS

18 November 2010
TDS on Salary is Filed using 24Q while others are filed using 26Q

You have to file Salary TDS Return Separate but Return of TDS on Interest and Commission is filed together that means two returns per qtr and not three.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2010 thank u sir,


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