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 Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
