If any person had not deducted TDS(Payment of rent) and if we wont to adjust the same in the books then how should we adjust?
Regads,
Ankit Kumar
Menu
Adjustment Required?
Replies (4)
Suppose if it is Vehicle Hire Charges (if it is a Construction Industry) we can adjust the TDS in the next month or Year Hire Chrges of Same Party. If it is Rent it can be Adjusted in the Next month rent. if it is a march Month Rent, we have to t pay the March month Rent By 30 th May (Sec 200 (1)). Otherwise it ls a Violations of IT Act.
Tds can be deducted any time & u need to pay interest for delay in deduction. If u wl deduct after return due date then it wl be allowed in the year of payment.
| Originally posted by : Raveesh | ||
 |
Tds can be deducted any time & u need to pay interest for delay in deduction. If u wl deduct after return due date then it wl be allowed in the year of payment. |
 |
Hi,
Thanks of rthe prompt reply , but the payemnt had made and t is by a/c payee cheque.how should we adjust this without violation of the act
Regards,
Ankit Kumar
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
