Hi to all, please guide me on the following issue.
The regular TDS return for Q2 / FY 2011-12 is filed & during the course of audit it was found that TDS was not deducted in one of the transaction while making the payment to the deductee & hence we booked the tds entry on 31.03.12 & paid off the tds amount on 17.09.12 before filing of Income tax return u/s 44AB.
Now the querry is that since the date of credit of amount to deductee is of Q2 & the date of booking tds in our books is of Q4 then for which quarter shall we revise our TDS returns, whether for Q2 or for Q4 & how will the interest be calulated, whether 1% p.m. of tds from Q2 to Q4 & then 1.5% till the date of payment.
Please Advice on above. Thank You.
CAclubindia
