TDS ON PROVISION AMOUNT
This query is : Resolved
12 July 2010
SIR....
AS PER IT RULES TDS SHOULD BE MADE ON PROVISION AMOUNT... & SAME SHOULD BE DEPOSITED ON OR BEFORE 31 MAY.
BUT IN CASE OF STATUTORY AUDIT WHERE THE AUDITORS ARE APPOINTED BY THE RESPECTIVE DEPT i.e.BY GOVT BUT THE BANKS ARE NOT KNOWN THE NAME OF AUDITORS & THEY MADE PROVISION FOR AUDIT FEES...
IN SUCH SITUATION IN WHOS NAME TDS SHOULD BE DEPOSITED? & E-FILLING SHOULD BE MADE
AS PER IT RULES TDS SHOULD BE MADE ON PROVISION AMOUNT... & SAME SHOULD BE DEPOSITED ON OR BEFORE 31 MAY.
BUT IN CASE OF STATUTORY AUDIT WHERE THE AUDITORS ARE APPOINTED BY THE RESPECTIVE DEPT i.e.BY GOVT BUT THE BANKS ARE NOT KNOWN THE NAME OF AUDITORS & THEY MADE PROVISION FOR AUDIT FEES...
IN SUCH SITUATION IN WHOS NAME TDS SHOULD BE DEPOSITED? & E-FILLING SHOULD BE MADE
12 July 2010
While depositing amount you are not required to mention name and PAN of deductee. It is required only while filing TDS return.
Deposit the amount, file return and revise the return later when you name and PAN no. Thats it.
Deposit the amount, file return and revise the return later when you name and PAN no. Thats it.
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