TDS query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2010 If TDS for 31st March,2010 is deposited late on 30th June, 2010...what will be the TDS certicate issue procedure?

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

16 July 2010 TDS certificate will be issued on date after deposit of tds i.e it will 30th June onwards.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

16 July 2010 TDS certificate for this transaction will be issued 30 June onward, for other transaction for which tds is deposited timely, it will be date within time limit ie. 30th April .

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2010 Can you be more specific when you say...June onwards...

Venkat Rao Marella

Venkat Rao Marella (Expert)
Follow

16 July 2010 If TDS form 31st march'10 is deposited after 30th June (beyond the time limit allowed by the statute for deposit), mention the date on which that was renitted say - 2nd july.

Its obvious that you would have paid interest for deduction and non remitance within the time limit.

Srikant

Srikant (Expert)
Follow

16 July 2010 Certificate is the proof that the Deducted amount has been deposited into the Govt. A/c.

So only after depositing the sum you can issue the TDS Certificates. Forget about the period for which it is being deposited.

Though you need to mention the period in the Certificate, you can issue the same on the date you deposit the sum and get the confirmation from bank at the earliest.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now