Tds related query

This query is : Resolved

GAJANAND AGARWAL (Querist)
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14 February 2015 DEAR SIR,

I WOULD LIKE TO ASK TDS RELATED QUERY AS EXAMPLE.
EXP: I HAVE DONE JOB WORK FROM X PARTY AND ALSO DUE SOME DISPUTE I HAVE NOT DONE PAYMENT TO X PARTY INO. DATE 24.11.2014 . NOW IN FEB.
15 I WANT TO DEUCT TDS .CAN I DEUCT TDS AND ALSO WILL I REVISE IIIRD QTR TDS RETURN?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 February 2015 Due to dispute you admit the payment only in FEB and deduct TDS in Feb. So no need to revise III rd qtr TDS return include it in IV th qtr return.

@VaibhavJ

@VaibhavJ (Expert)
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14 February 2015 Hi

If you have booked invoice in Qtr 3 then you had to deduct TDS in Qtr 3 only & you will be required to revise Qtr 3 return.

Thanks!!
@VaibhavJ

GAJANAND AGARWAL

GAJANAND AGARWAL (Querist)
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14 February 2015 Hi

yes i have booked invoice in nov. month.

@VaibhavJ

@VaibhavJ (Expert)
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14 February 2015 Additionally you will be required to pay int @ 1% p.m. from Nov14 to Month in which TDS deducted and pay before revising of return.

Thanks!!
@VaibhavJ

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 February 2015 As invoice is booked in Nov. I agree with the above views.

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GAJANAND AGARWAL

GAJANAND AGARWAL (Querist)
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14 February 2015 OK THANK YOU VAIBHAV AND SEETHARAMAN SIR

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