Additional TDS

THE OTHER PARTY WILL NOT PAY BACK YOU THE SHORTFALL IN TDS AS THE DATE TO FILE REVISED RETURN FOR FY 2006-2007 IS OVER ON 31ST MARCH 2009 AND THERE IS NO WAY THAT HO COULD CLAIM THAT EXCESS TDS EVEN IF YOU ISSUE THEM A NEW TDS CERTIFICATE.THUS YOU CANNOT RECOVER IT FROM THAT PARTY.

BUT IF AUDITOR INSISTS THEN U HAVE TO BEAR THAT TDS AMOUNT AND DEPOSIT IT TO THE GOVT. ALONG WITH INTEREST @ 1% P.M. OR PART THEREOF FROM THE DUE DATE TILL THE DATE OF PAYMENT.

BUT HOW COME THE AUDITORS POINTED OUT THE SAME SO LATE?