Hey guyzz,
While carrying out Tax audit , i Have an query regarding late deduction of Tds on Rent. Its came to my knowledge during Tax audit for F.Y.2012-13 relevant to A.Y.2013-14 of a partnership firm.
Question is that auditee has not deduct TDS on rent paid for F.Y.2012-13 amounting to Rs. 1,94,400/- Now as on 15.08.2013 they deduct and pass entry on 31.03.2013 for TDS payable on Rent. and they deposit in government account on 15.08.2013. Now 1st they have to file revised TDS return for last quarter and my query is......
" whether this TDS allowed in F.Y.2012-13 (31.03.2013) or F.Y.2013-14(as deposited on 15.08.2013)"
Experts opinion..................!!!!!
CAclubindia
