Dear Members,
If the company is paid TDS which is deducted in 1st quarter and paid in 2nd Quarter with interest then 1st quarter return filed is to be revised ? plz tell me urgent
Dear Members,
If the company is paid TDS which is deducted in 1st quarter and paid in 2nd Quarter with interest then 1st quarter return filed is to be revised ? plz tell me urgent
karan jit singh
(Consultant)
(1299 Points)
Replied 02 January 2012
shrinivas
please we cant get it with your query ...ask but in another words
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 04 January 2012
Yes, you will have to revise the TDS return for 1st Quarter.
shanil jain
(CHARTERED ACCOUTANCY)
(60 Points)
Replied 15 January 2012
Other than for salary, the liabilty of TDS is on payment or credit in the accounts, whichever is earlier.
if the payment id for 1st qtr, then the details are to be provided in the return of 1st qtr.
Also if the TDS deduction or deposition is late, then interest is to be paid and such interest has to be paid before filing the TDS return, otherwise assessee in default provisions will be attracted.
If i am not wrong, there is no time limit specified for revision of TDS return
Now please make our question more clear and specific.
Other friends plz correct me if i am wrong. :-)
sadashiv Rupchand Gaikwad
(Proprietor)
(521 Points)
Replied 20 January 2012
First you must log in for TAN registrations and always visit www.tin-nsdl.com
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