Tds payment

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parth gandhi (Querist)
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18 June 2013 Can TDS on expense for AY 2012-13 can be paid by selecting AY 2013-14 while making payment?? We have disallowed the same in AY 2012-13.

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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18 June 2013 Yes, payee will be able to get credit in AY 13-14

parth gandhi

parth gandhi (Querist)
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18 June 2013 but it will not be against law as it is expense of 2011-12?? kindly reply thanks

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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18 June 2013 Definitely, as you will be overriding interest charge in this case.

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parth gandhi

parth gandhi (Querist)
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18 June 2013 We have not file E-TDS return fot AY 13-14 yet. So while linking transaction with the challan, which date we will put as it exp of 2011-12 (AY 12-13) & we are making payment in AY 2013-14 & selecting the same year while making payment?

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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18 June 2013 TDS return will not accept any date outside the financial year. It is better to go with AO to rectify challan and then file revised return for AY 12-13

parth gandhi

parth gandhi (Querist)
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18 June 2013 then how the payee will get the benefit if payment is made in AY 13-14?

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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18 June 2013 In that case payee will be availing it in AY 12-13 only.

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