Tds interest entry in tds return
Querist : Anonymous
We Had made TDS provision for an outstanding Bill as on 31.03.11 for Party named X.As per new provision we have to pay TDS deducted on outstanding bill as on 31.03.11 by 30.04.11.However due to some reason we could not pay the TDS by due date hence we made the payment after due along with interest.Now when we filed the return we have to show this interest portion also along with the name of the party.
I want to know this interest portion has to be shown against which party.If i show it against Party X then the interest credit will go to the party and TDS Deducted will be including the interest portion for party X and name also cant be left blank in return.
please help as its technical difficulty.
Accordingly, the interest will not be credited to the party's account and you will be able to submit correct information.
Querist : Anonymous
When we made the payment we showed under interest coloumn in challan but when filing return what is to be shown in party name? When the party seeing their online credit of TDS it is also refelcted there.
TDS return has two separate sheets for challan details and deductee details.
In the deductee details, only the TDS amount shall be shown.
In the challan details, the TDS amount is to be shown under TDS and the interest amount is to be shown under interest.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
