How to Pay Online TDS Payment of Co-Operative Sector

TDS 1997 views 2 replies

Deepen Keniya

CA Final Student

93 Points Joined April 2009

As per latest Notification No.31/2009 dated 25/03/2009 issued by CBDT, it is mandatory to pay TDS / TCS by online.
However as per Maharashtra Co-Operative societies Act, 1960, Any Co-Operative Societies are not permitted to operate Bank other than District Bank or Maharashtra State Co-Op. Bank Ltd.

My Query is :
(1) These Banks are not having such online payment Facility.
How Co-Operative Sector Pay Taxes.?

(2) Whether CA’s are permitted to open their own A/c in Bank and collect TDS amount

from client and Pay Tax by online on behalf of such Co-Operative Society?

Replies (2)

Shyam Lal Naik

Service

6158 Points Joined March 2007

Tax need not necessarily be paid from own's account. The tax can be paid from your CA's A/c, or A/c of any other person. This has been clarified by the CBDT by way of a circular.

Nikhil

ACA

24 Points Joined November 2009

Assesing officer has passed order under sec 7(2) of Profession Tax Act 1975.As per order the total payable amount is 74215 Rs. our client has paid 59850 rs. Balance Payable is 14365 Rs.

We Have to go for the appeal. My question is what is the appeal Fee & i need to fill up which form ?

What is the Procedure & Documents required ?