As per the rates prescribed in the act, we should deduct the Tax deducted at source , while debiting to what it account it may called. Ie., even if it is credited to the creditors but not paid. After it is deducted, those amount will have to be paid with in 7 days from the month it is deducted. if it is provided in the last day of the books, it can be paid with in 31st may of the year it is provided. after all the payments are being made it should filed with in 15 days from the end of the quater. if it is for the last quarter it should be filed with in 75 days from the end of the last quarter. all the returns are to be filed in E-returns
13 February 2008
i think you ask a long procedure in small answer sheet TDS deduction is one part which is applicable as per IT act you will get all detail from any reference book and in this web site also details are availble as regards to tds rates and others
as regard to to e file you can log on to www.incometaxindia.gov.in or to www.tin- nsdl.com
and download therefrom the etds preparation software and the necessary details as regrds to filling that return are explain there if you face any problem thenplease write to us
CAclubindia
