HALLO.
MY QUERY IS RELATING TO DEFAULTS RAISED BY TDSCPC ON A/C OF INTEREST ON LATE PAYMENT OF TDS I.E. DEPOSITING TDS AFTER DUE DATES.. SUPPOSE, FOR THE QUARTER 1, I DEDUCTED TAX IN APRIL BUT DEPOSITED THAT AFTER DUE DATE, SAY ON JULY'7TH. ACCORDINGLY DEFAULTS WILL BE RAISED FOR 4 MONTHS @ 1.5%.. KNOWING THAT, WHILE PREPARING RETURN, IF I SHOW THAT THE BILLS RELATE TO JUNE (AND NOT OF APRIL WHICH WAS ACTUAL), THEN NO DEFAULTS SHOULD BE RAISED AS FOR BILLS RELATING TO JUNE, THE DUE DATE IS JULY'7TH...
MY QUESTION IS: IF I DO THIS LITTLE MANIPULATION, WILL I BE ABLE TO SAVE DEFAULTS ON A/C OF LATE PAYMENT??? OR WILL I GET CAUGHT IN OTHER AREAS SUCH AS 26AS ETC?? PLEASE HELP.
CAclubindia
