TDS not deducted in pre. year.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
Hello all.
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....
Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....
Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com
24 September 2010
Yes you can deduct and deposit the tax now with interest. the rate of interest is 1% ( date of deduction to actual date of deduction) and 1.5% ( date of deduction to date of deposit).
Plz deposit the tax before 30.09.10, so that amount will be allowed in previous year itself.
Plz deposit the tax before 30.09.10, so that amount will be allowed in previous year itself.
Praveen Sharma
(Expert)
24 September 2010
agree with the expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
