TDS(VERY IMP. CASE)

Save Share

This query is : Resolved

rajan (Querist)

14 January 2010 my case is that
from last quarter period 01/10/09 to 31/12/09, payment made by govt. to the employee of govt. school is after deducting tax & net payment received by employees. is now the principal of the school liable to furnish tds return..
if yes then what informaion may be filled in column of bsr code, challan serial no. or cheque no.
plz urgently reply me.
thanx....

CA. Pradeep Nayak

CA. Pradeep Nayak (Expert)

14 January 2010 If the deduction & remittance of TDS is made by the Govt., the prinipal of the school is not liable to furnish any returns. It is the obligation of the deductor to remit the TDS to the Govt. & also to issue TDS Certificate in Form 16 or Form 16A, as the case may be.

rajan

rajan (Querist)

14 January 2010 but principal of the school have his TAN No. can he filed his nil return
u/s 200(3) of the income tax?

rajan

rajan (Querist)

14 January 2010 but principal of the school have his TAN No. can he filed his nil return
u/s 200(3) of the income tax?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

15 January 2010 Yes, he is liable to file tds return, while preparing the TDS return if you selecting Govt. sector and there is option called Book transfer , if you say yes in the column book transfer no need to give the Chq,BSR numbers

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